If one reads the full meeting notes, you will notice that at first a vote was done on a question that included "rolling release" term in it, but TC liked the proposal but not the "rolling release" label, thus they: voted -1, removed reference to rolling release, voted +1.
The details are fuzzy and pending implementation. It is not quite sure if it means: "without changing sources.list" (example SRU/security updates today) or "packages keep the same name", (example SRU/security updates today) or "additional ppa/archives will need to be added" (example Cloud Archive for new OpenStack releases) or "people will need to installed renamed package" (example quantal kernel/X stack in precise is renamed with -lts-quantal suffix).
Please note that only part of the proposal was debated and voted upon. The Technical Committee will meet again in two weeks to continue the rest of the proposal.
Many implementation details will be then announce by respective teams involved: Release Team, Stable Release Updates team, Security Team, Archive Maintainance Team, QA and etc.