In retrospect the split was easy to see coming, but I can't help but feel bittersweet about it. The announcement and Alex's article both cite technical reasons for the fork, but to me it seems to be ultimately a human failure. So the Chromium team saw problems in WebKit and agreed on a solution that will help them achieve their goals faster: that's great! But why were they unable to do so within WebKit itself?
There are technical differences, yes, but those could be resolved by human action (as they now will be, by humans, under the Blink aegis). No, to me the fundamental problem was a lack of the conditions for consensus within the WebKit project, and for that there is ample blame to go around.
In the best of events this split will end up with both Blink and WebKit as more technically consistent, nimble projects. I would also hope that this split serves as a wakeup call to some of the decision-making processes within WebKit. However it is easy to be pessimistic in this regard -- the Apple-Google dynamic has been great for WebKit as an open project, opening up discussions and collaboration possibilities, especially among folks that don't work for the two major corporations. Both projects will have to actively make an effort to remain open, because passivity will favor the structural tendency to work in-house.
I should probably mention the obvious thing, that Igalia will work with both projects, of course. We'll get our WebKit patches into Blink, and vice versa. The message for customers doesn't change much, either -- most customers have already chosen a particular WebKit port, and those that used Chromium will now use Chromium on Blink.
For those projects that haven't chosen a WebKit port yet, the fundamental decision has always been WebKit2/JSC versus Chromium/V8, and that hasn't changed too much from this announcement. It's true that WebKit2 is a less mature multi-process implementation than Chromium, but it is getting a lot of investment these days, so it's fair to assume that technically that the two approaches will work just as well within a few months. The same goes for JSC versus V8.
Finally, a meta-note. Sometimes these press releases catch us up in their whirlwind and we're left with a feeling of anxiety: "Google just released AngularJS, now I need to rewrite all my apps!?" Well, maybe ;) But I find a bit of dispassion is appropriate after a piece of news like this. Good luck to both projects, and see you on the mailing lists.