Lou Lamoriello out (as GM),Devils hire Ray Shero as new general manager

The owners of the New Jersey Devils finally will have an opportunity to put their stamp on a franchise as Lou Lamoriello has been promoted to president and former Pittsburgh Penguins general manager Ray Shero was named as his replacement.

Before we get to the nuts and bolts of this move (and we really only know so much),I wanted to address some questions about why Devils coverage faded away at the end of the season.
It wasn't losing interest in watching the games,I don't recall missing more than a game or two,it was more that I was just not interested in writing a lot about a team that was eliminated from the playoffs and one that wasn't really playing the young guys from Albany with the exception of brief cameos by Stefan Matteau and Reid Boucher.
Trust me,Devils coverage isn't going away...

The interesting part of Ray Shero being hired as the general manager isn't Shero,who is a proven general manager,it is Lou Lamoriello.
Is Lou truly the "President of hockey operations" and will be an active member with Shero answering to him?
Or is it more that Lamoriello is a highly paid consultant and the change of the Devils philosophy has begun to take shape?

Shero will be making the call on the next coach and Lou Lamoriello still seems to have some say in the organization,but one can definitely say things are beginning to at least change a bit.
The bigger question is will the Devils change how they do things in the draft,developing players and the type of players that the team will try to acquire?
Things just got a bit more interesting in New Jersey