It's a step in the right direction, but you need to be careful that this is used as a process improvement rather than an excuse to cut costs and have the PTO spend even less time reviewing patents. Of course a solution to that problem would be to institute a multi-tier patent system where peer review would get you some benefits, but PTO review would be even more thorough for those that go to the next level.
See this: http://ryan-technorabble.blogspot.com/2006/07/why-we-need-multi-tiered-patent-system.html
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