I agree with Fr Z's comments and would add that Bishop Budd is a fair-minded man. I liked the last part of his statement:
May I urge you to celebrate the present liturgy (the ordinary rite) of all the sacraments of the Church ‘attente et devote’. The quality of the parish celebration of the renewed liturgy is an important context for the permitted use of the rite now designated `Extraordinary’.The use of the older form of the rite should help and encourage priests in the proper celebration of the newer form. In fact, as Dr Hemming pointed out at the Merton Conference, the older form provides a necessary anchor for the newer form.