It is very well thought-out. It condemns a bunch of stuff it should condemn. It is basically just 300% better than anything else I've seen anybody else write about Mike's opinions and what that means about PAX and the comic.
It includes a lot of commentary on Mike Krahulik and 1) the Dickwolves comic and T-shirts and 2) the transphobia stuff. If you don't recognize either of those issues, and especially if "Penny Arcade" doesn't ring any bells you can probably ignore this post :-)
I also hadn't known that Mike contributed $2000 to the Trevor Project as part of his apology on the trans stuff, which makes it seem a lot more sincere.