WaPo article states that
President Obama will announce today that he is lifting travel restrictions that block Cuban Americans from traveling to Cuba and will relax the rules governing what items can be sent to the island, a senior White House official said.
The decision does not lift the trade embargo on communist Cuba but eases the prohibitions that have restricted Cuban Americans from visiting their relatives and has limited what they can send back home.
WashingtonPost
Obviously this is a big deal, because it allows for an exchange of people, although not an exchange of goods, yet. The ol' 'if we ignore a problem it will solve itself' idea seems to be buried along with the bush administration. Engaging Iran, lifting travel restrictions, finally a president that has political capital and seems willing to use it for reasonable policy ideas / keeping campaign promises
also,
"This is an effort to reach out to the Cuban people in an effort to support the Cuban people's desire to freely determine their country's future," a senior administration official, speaking on condition of anonymity because the White House has not yet made the official announcement, told McClatchy Newspapers. "The president has said this is the most direct means to open up the kind of space that is necessary to see democratic change in Cuba."
From Miami Herald
link
Sorry if there are any other diaries on this, I searched and didn't find any. Also, sorry if this is short, the articles did not have much meat to begin with
update as noted in the comments:
It also allows companies to establish fiber-optic and satellite links between the United States and Cuba and will permit U.S. companies to be licensed for roaming agreements in Cuba.
...
But under the new policy... satellite radio companies and television providers will also be able to enter into transactions necessary to provide service to Cuban citizens.
... also... an exception to the trade embargo to allow personal cell phones, computes and satellite receivers to be sent...
same wapo link