NY Times article
Also keep an eye on
Bikeblog. They'll probably have a report back from the Times Up press conference that started half an hour ago.
Here's a PDF of the judge's actual ruling
As much as I'd like to think this is a victory, there've been plenty of victories. Every time this stuff goes to court, the judge says "City, you're an idiot. Stop harassing the bikers. I have deemed it illegal. And retarted" (paraphrased). But the city still does it.