At best, it appears to be Righthaven Lite. It doesn't sound like they'll totally pull a Righthaven, where their first move is to sue, but rather (from the various vague descriptions) it sounds like NewsRight will be going around simply trying to get blogs and aggregators to buy a license. But here's the thing: on what legal basis? That's the part that's not clear.
http://www.techdirt.com/articles/20120110/04124117363/ap-finally-launches-newsright-its-righthaven-lite.shtml
http://www.techdirt.com/articles/20120110/04124117363/ap-finally-launches-newsright-its-righthaven-lite.shtml