Link to the story here.
Some interesting quotes from the story:
From "the letter: "Principles compatible with the gospel may be found in the platforms of all major political parties."
Frank Pignanelli, Desert News columnist: "I think this is huge. It's good news for democrats. It's good news for Utahns."
Wayne Holland, Chair, Utah Democratic Party: "The statement of the first presidency in our belief is a clear comfort to the many thousands of Utah LDS democrats. We're very encouraged that the principles of the democratic party and the teachings of the LDS faith are very consistent."
How John Daley ended the report: "[M]ost political watchers we spoke with today say they don't expect this to inspire any major sea change in Utah's political world, although they do see this as a notable development."
I bolded part of that last one to get to the crux of the issue. Most Latter-day Saints who vote straight-party republican would still do so even if President Hinckley stood in front of General Conference and told the members to vote for all Democrats.
Heck, the First Presidency could endorse Pete Ashdown, and Orrin would still be polling high.
I mean, they couldn't give a crap about "obeying, honoring, and sustaining the law," why should they actually listen to the prophet now.