Here, the Times comments on Bush's actions with regards to the 9/11 committee's report.

Here's Bush on his actions:

The national intelligence director will serve as the president's principal intelligence adviser and will oversee and coordinate the foreign and domestic activities of the intelligence community. Under this reorganization, the CIA will be managed by a separate director. The national intelligence director will assume the broader responsibility of leading the intelligence community across our government.

And some more...

And I think that the -- I think that the new national intelligence director ought to be able to coordinate budgets. I certainly hope Congress reforms its budget process, too, so that it's a seamless process.

Here's stuff from the 9/11 report:

The current DCI is responsible for community performance but lacks the three authorities critical for any agency head or chief executive officer: (1) control over purse strings, (2) the ability to hire or fire senior managers, and (3) the ability to set standards for the information infrastructure and personnel.

So, the new NDI will have the powers that the current DCI has, but the DCI will still be there... that's what I call intelligence reform!