The Eagles will basically be replacing the the now defunct Victoria Salmon Kings. You may remember they called it quits at the end of their season because their ownership decided to field a team in the WHL. Of course the Western Conference will continue to be unbalanced compared to the East (especially when you remember Chicago will be playing their first ECHL season in 11-12). It is a step in the right direction. The rumors that the Rapid City Rush are planning to join the ECHL would be an even better step.
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Overall, I can't think of this as anything but really great news. It says great things about the league to have teams willing to leave their league to join us. I do worry a bit for the fans though. It will be hard for them to see some of their favorites leave, and some players will have to leave. Whether because of the ECHLs tighter roster restrictions or because former players might not be up to keep up with the playing style. Obviously, that part will suck, but seeing prospects from their NHL and AHL affiliates will be more than worth it.
Of course that will lead to the bane of every ECHL fans existence: constant, poorly timed, call-ups (good lord I hate those).