Hate to say it, but told ya' so. No Constellation, Ares, Orion - no US manned programme at all. But we shouldn't be surprised - Obama has done exactly what he said he'd do before he was elected. He's been as good as his word - you have to give him that. And note - there is very specifically no money for Direct or any other Shuttle derived vehicle. Anything Shuttle related is dead - and no amount of clever drawings, animations etc. will resurrect it. Production lines will close, engineers will leave, expertise will be lost, and it'll be Saturn V all over again. It's over - move on.
Problem is - move on to what? The best that can possibly happen under this "bold new vision" is been-there, done-that trips to LEO, for no rational purpose. Vital research on weightless cricket reproduction, crystal growth and a bigger IMAX camera. Seriously - it's over. Commercial involvement in space will be exactly that - commercial. If there's no profit to be made, it won't happen.
That's the cold reality of it - and if the money comes direct from the US government to private companies via NASA - that's not commercial, that's subsidy. Subsidised, LEO missile-and-capsule 'missions' to nowhere, for nothing. Forget Branson - he won't put money into the development of anything - he'll only buy stuff that already exists, so he can make money from it - he's a businessman, and it doesn't matter if it's suborbital hops, insurance policies, banking, CD's or flights - only interested if it turns a profit. But, that's the same for all commercial space - come up with timelines, plans, inflatable moon bases and rest if you like, but please also explain how it is these companies can make a profit out of it! What's the product?
Robot missions to the Moon - Surveyor, Ranger, Lunar Prospector, Clementine, LCROSS... how exciting will new missions be! Very inspiring to a new generation, I'm sure! As for shuttle replacements, or new vehicles of any sort - there's no mention. Nothing new, nothing shuttle-derived - nothing. Just a big, empty hole which will be filled by wishful thinking, sexy animations, tables of very plausible looking figures, but nothing will actually happen.
However, President Obama won't be there very long if the runes are read right - so in a few years' time, President Whatever will order another review, and announce another bold, new initiative, but by then it'll be too late - all the skills and experience will have drained out of NASA, and pads 39 A and B will be cold, derelict monuments to what happens when the spirit that got them built in the first place gets crushed by people with no soul, passion or vision. Just weeds, rust, silence and decay. It's a crying shame. So welcome to Obama's bold vision - banks go on as if nothing happened, loss-making car companies carry on as before, millions lose their jobs, and guess who pays for it all? You, your children, and their children too.
As for being branded "Chicken Little" by hopelessly naive space cadets - that really doesn't help. I don't know if you noticed, but Obama just cancelled your space programme under your noses, and miraculously sold it to you as being a good idea. Just do one thing - remember what got said, and when, and by who - and come back in ten years and describe what actually happened, and what became of all the lovely paper rockets.