According to the terms of the settlement posted by GamePolitics, Thompson will no longer pursue or threaten legal action to restrict sales of Take-Two games. Nor may Thompson accuse Take-Two or any business partners of wrongdoing for distributing said product--in other words, he can not threaten to sue a retailer for carrying Take-Two's games. Any future communication between Thompson and Take-Two will be mediated by either the counsel of record or Take-Two's general counsel.
Perhaps most entertaining of all, the settlement also means Thompson won't face jail time. Previously, Take-Two had submitted a petition for Thompson to prove why he should not be held in contempt, with a hearing that was scheduled for April 20.
However, Thompson retains the right to publicly criticize the content or distribution of any Take-Two product. He may also participate in any legal action others may bring against the publisher, provided the charges specify individual harm.