Cancun: Is it a climate meet with a difference?

Despite the pre-Cancun Wikileaks revelation of U.S. strong-arm tactics at the Copenhagen summit, and U.S. climate envoy Todd Stern's remarks about "climate bribery", wherein he said countries asking for aid were in no position to accuse the U.S. of bribery; it is largely perceived that the Cancun Climate Meet has picked up the lost momentum of Copenhagen.

193 nations met at Cancun to debate on how to move forward on the climate change adaptation process and drafted the Cancun Agreement.

Is it a cleverly drafted sop for several nations that essentially stands shy of actual commitments? Does the accord have any worthy real-time implications? Let's analyse....