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Eric BrehmPSA seems to have thought the implications of this through reasonably well. In the long term I think it will probably be a good thing, as it will increase the inherent accuracy of the system in a meaningful way. In the short term however, there is going to be some pain and confusion, not to mention considerable expense. I predict there are going to be a ton of re-submissions, particularly at the high end.
If I have a nice PSA 8 to sell, for example, I will probably feel compelled to try to get a bump up to 8.5, in order to be able to compete with other sellers with high end 8's who have had theirs re-graded as such. (Assuming of course that the card is one where the increase in market value associated with the half grade bump would justify the re-grade expense.)
Oh well, at least I won't have to re-submit any of my PSA 9's or 10's. I'm glad they decided not to include 9.5 in the new scale.