Ahhhh, the sweet smell of compromise! It’s what makes our form of government work. Without it we would find ourselves constantly bogged down in these kinds of partisan fights. The reason we have had so many during these past four years is because President Bush has been one of the most obnoxiously partisan presidents in recent memory and has refused to compromise at almost every turn. In this case, however, it was up to the Senate to strike a deal and that is what they do best.
So this means we will likely wind up with three more awful judges on the federal bench (although there is still a chance that one or more could be voted down), but the rest will be stopped dead in their tracks and the filibuster rule remains intact. This is good because requiring a 60-vote supermajority in some cases forces the administration to nominate judges who can meet that higher standard of acceptability on all sides. Thus we end up with fewer extremist judges on the left or right in the long run.