Diane at Te Deum Laudamus has already posted on this new. The New York Times says:
It is the first time since the 1960s that a sitting vice president was on the ballot for conference president and lost. The outcome is the latest sign that the American bishops — divided over how best to uphold Roman Catholic orthodoxy — favor a more aggressive approach.
Dolan's election appears to be being interpreted as indicating that the Bishops favour a confident (= "aggressive" in NY Times-speak) and clear presentation of the Catholic faith on key social and moral issues.
Read more at Te Deum which will be updated