The Islamic Emirate of Waziristan

There are reports that Pakistan has capitulated to the Taliban in the Northern Waziristan area.  The reports are that an agreement has been reached in which the area has been given its autonomy and is now being called the  “The Islamic Emirate of Waziristan.”  Is this bad news for the US or is it a strategic softball being thrown to us by Pakistan?  It has been my understanding that the hands of the US forces have been metaphorically tied by the refusal of Pakistan to allow our troops unfettered access to this region.  If Pakistan cedes its claim to this area does this allow the US to go into the region at its own will?  Pakistan is out and is no longer providing the protection of a "soveriegn state". No protection from the UN, since it is not a member. No diplomatic ties with any other nations. The Islamic Emirate of Waziristan is now a rogue state.  To me it sounds like a new front in the war on terror has opened.  Through this agreement, the Taliban and Al Queda may have just put the final nail in their own coffin. Time will tell.