yeah, illegals will get work permits and they will be allowed to file for green card. I see millions of Labor Certification requests coming in. Probably in some states this process is going to take over 7 years now.
Right now more details are not available but as of now it looks , it might create a system parallel to H1B -> Green Card. Anyone with job offer can stay legally and even those who are in their native country can get this work permit by showing a job letter. Then why bother going through painful H1B approval process ... some ABC company will be able to issue an offer letter to you and get it done. My uncle has a lot of real estate property and established business so when i lose my H1B Status I should wait to become illegal and then i should get offer letter from him and become legal again. huh.... Sounds like our President is desparate to get votes from Latino community here in US.