Well, I think you're both right, but you're looking at it with different perspectives. Yes, this ruling will improve the rich man's chances of taking elk in Arizona. That will mean less for residents.
But rather-be-hunting, you seem to think this means the state will give ALL the tags to the richest non-residents and that is CLEARLY not the case. Residents will continue to have an advantage, and a fairly substantial one, just not as big of one as they have had in the most recent years.
All in all, this looks to me like a reasonable ruling. Residents still get to have a big advantage over non-residents, but the state has been told that it can't shut out non-residents completely.