This is definitely good news. I mean it was possible (and may have happened) that O'Neill, Lindsey, and even Harvey Pitt could have been replaced by people even worse. In Kissinger's case, this isn't possible, at least since Nixon died.
By the way, W, we do have a Nobel-prize-winning former president who would be excellent for the job.
[Later addition:] No, George, I don't mean your Dad. There's isn't a Nobel Prize for Being a Wuss. I'm talking about Jimmy Carter. I realize you were drunk through most of his presidency, but if you have the slightest interest in appearing fair in appointing the chairman of this committee (no sign of that yet, unfortunately), Carter would be ideal.