Read the press release here.
In summary I read it like this:
Borland is seeking a buyer to create a separate company where all the IDE stuff related products will be placed. (Delphi, C#, C++ etc) This company will stay strong related to Borland who will focus on ALM and SDO.
David I has posted an open letter to the non-technical newsgroup, read it here.
There is also a blogpost here.
As far as I can see this could be a good thing for Delphi (BDS2006) although it is also quite shocking to begin with.
I only think that the name Borland should be for the IDE company, let the ALM company come up with a new name. Borland and Development Tools is said in one breath.