Two thoughts.
The changes effectively make a gun trust of no distinguishable value or advantage over an individual trying to acquire a NFA item.
Time to push for a state "must sign" law with regards to CLEO sign offs, similar to what TN has.
http://statutes.laws.com/tennessee/title-39/chapter-17/part-13/39-17-1361
A trust still has value in that other people (such as a relative) who is on the trust can also maintain possession of the items. In addition you can leave the trust items to a beneficiary such as your children. Of course if you are in an area where a CLEO won't sign-off, you are screwed.
Also good luck getting our useless GA Rhino legislature and governor to sign anything firearm related. No gun legislation has been passed in the last 3 years, and they also refuse to pass hunting with a suppressor. How is that even possible when Republicans control both houses and the office of governor??? I will answer. They are liberals. Until we throw the bums out of office and quit trying to place nice with them, we are screwed.