I don't see that it does. With a normal majority, Labour can win most if not all votes. Even allied with the Tories, the LDs can't outvote him (if the numbers I saw earlier are correct). I would seriously doubt that there's any thought in what passes for Blair's mind today beyond "I won!"

What it comes down to is that he can do what he likes and no-one can stop him. I'd love to think that wasn't the case, but it is. And I really wish I could think about something else right now...