That speech prompted an overhaul of Russia's government.

Putin's plan is to devolve some of the President's overwhelming power to the legislature and the State Council, while beefing up the Constitutional Court's ability to provide checks on legislation.

From TASS:

In Wednesday's State of the Nation Address, Putin put forward a number of initiatives changing the framework of power structures at all levels, from municipal authorities to the president. The initiatives particularly stipulate that the powers of the legislative and judicial branches, including the Constitutional Court, will be expanded. The president also proposed to expand the role of the Russian State Council. Putin suggested giving the State Duma (the lower house of parliament) the right to approve the appointment of the country's prime minister, deputy prime ministers and ministers.