Max is effectively neutered.
"But it is also believed that Michel Boeri, currently President of the FIA senate and head of the Monaco automobile club, will immediately begin to handle all relations between the sport's governing body and the teams."
F1 Live
And rumor on Fchat (supposedly from a Ferrari press release) is that the rules now are to be determined by a voting body called the F1 Commission consisting of:
Tracks get 5 votes
Teams get 6 votes
FIA gets 1 vote
FOM gets 1 vote
Ian