Trade deal agreed.
It's "good" news for the UK, in the sense that it means its GDP is only going to be about 7% lower by 2030 instead of upwards of 10%. I'm guessing no EU members, nor the UK parliament, are going to shoot it down given how much trouble it has caused.
In terms of the general character, it's a weak sauce deal. As far as I can see, the main accomplishment of the UK government has effectively been to claim it has "taken back control" by mostly not exercising that control. By which I mean it is de facto accepting things like EU regulations and fishing quotas, but retaining the right to pull out at some point in the future with appropriate notice periods: triggers which I think we all know it probably won't pull, lest it shoot itself in the foot. (If it had ever wanted to pull out, it wouldn't have negotiated a deal in the first place.) In a sense, however, it is important as this is a real ability, not just cosmetic, and it at least retains plenty of flexibility.
I suspect if anything the next ten years is more likely to involve the UK opting back into European schemes rather than diverging. I wonder if it has pulled out of plenty of such programs because it lacked the bureaucratic bandwidth to assess them in the time available. Consequently it has pulled out to avoid any ties, and will see how things go and mull them over at more leisure.