"Immigration reform. "And we should continue the work of fixing our broken immigration system—to secure our borders, enforce our laws so that everyone who plays by the rules can contribute to our economy and enrich our nation." The President is pleased Congress is taking steps forward on immigration reform that includes effective border security measures with a path for legalization for those who are willing to pay taxes and abide by the law. He is committed to confronting this problem in practical, effective ways, using the current tools at our disposal while we work with Congress to enact comprehensive reform."
This doesn't mean that Obama has seen the light, or that he's going to actually protect the borders and try to make illegals obey the law, but it does mean that he's feeling the heat, and feels obliged to make noises in that direction, noises that La Raza won't appreciate.
However, as you might expect, embedded in the verbiage is something like the Pence Plan ("path for legalization for those who are willing to pay taxes ") and the faint possibility of amnesty. ("comprehensive reform")