"Marvel wanted more moolah for the licensing agreement renewal, which Universal wanted to cut back. In the end, Universal severed ties with Marvel for the West Coast park, while maintaining an amicable relationship for the Orlando park."
So this means no dice for Disneyland in California. You won't see Spider-Man swing over a ride or Wolverine clawing through Magneto, not now anyway.
What does this mean for the walk around costume get-ups at Marvel's Super Hero Island in Orlando FL:
"Marvel Super Hero Island at Universal’s Islands of Adventure and the Marvel characters are a beloved and important part of the Universal Orlando experience. They will remain so. Our guests are going to get to meet Spider-Man and all our other Marvel characters. We believe our agreement with Marvel stands and that the Disney/Marvel deal will have no impact on our guest experience."
That last line "We believe our agreement" sounds to me that they are not as confident in that deal. That's about it for now. Stay tuned for further developments.