Braun won the appeal on a 2-1 vote at arbitration. More details can be found at the Milwaukee Journal Sentinel who broke the story.
While this news is huge for teams that were going to be forced into a tough decision on whether or not to keep Braun, it is also important for other players. Players that stand to gain the most from this include Corey Hart, Rickie Weeks, and Nyjer Morgan who have a little pressure lifted from their shoulders in trying to replace not just Braun but also Prince Fielder. Perhaps Morgan's value could even take a little dive as he will be less aggressive on the base paths with Braun being on the field in the Brewers first 50 games.
I have Braun ranked fourth behind Miguel Cabrera, Albert Pujols, and Matt Kemp. It will be interesting to see in the coming days and weeks whether or not this story gets another chapter to it or it just simply becomes a footnote.