The relevance of this news is therefore not so much about who's in charge, but more about the indication that Microsoft now apparently regards the primary business purpose of its web stack to be drawing developers to Azure (much like Internet Explorer being part of Windows organizationally shows that the business purpose of IE is to support Windows). That means that the future direction of ASP.NET will be Azure-centric, which could be bad for .NET web developers who prefer to avoid Azure.
Not sure I see it that way. The Gu is moving to Server and Platforms. ASP.NET is now being treated as a platform, rather than something from the VS folks.