This is smart move by Microsoft. As much as they'd like the win32-land and the now legacy Desktop to disappear, it will not happen in one release.
I don't expect much success with Windows 8, due to a combination of there being a lot of genuine rough edges and gaps in the new environment and in how it relates to the desktop, most people not really feeling a need for a new version of Windows right now anyway, and people's normal resistance to change. However, they'll probably continue to improve the Metro stuff in future Windows versions, and eventually it will just become another boring established part of Windows that everyone takes for granted. At which point it won't be the new shiny anymore and balance will be restored.