The birth of the New Political Party, what does it mean?

Since the '94 our Political situation keeps being more interesting! Today we've seen the media briefing introducing the new Political party, the NFP of which majority of its members are obviously from the IFP. The establishment of this party, what does it mean?

I believe it is one thing that weakens the IFP terribly, the question is, will it survive the next 10 years? lets take the arears where IFP had strong hold more so in the KZN, will we be saying the same thing after the next municipal elections? the residents who voted for the IFP before will now be divided between the two Parties.  It means the ANC or other parties might gain strength in those areas. The other point is that some of the supporters will decide to join other parties outside the IFP or NFP meaning less numbers for both parties.

People had high hopes when COPE was formed and others went as far as saying it will be 'the main' opposition party in the country, today whats happening is the opposite of what some analysts predicted.
Please let me and others hear your opinion/views.