It's a cop-out, but better than the alternative.
He's still essentially saying that:
-universe couldn't have started without a creator - big bang being the means of creation, rather than the original cause itself. It's much better than literal interpretation of Genesis, but still fundamentally unscientific (understandably).
-life couldn't have started without a creator - a statement strictly relating to abiogenesis, which has nothing to do with biological evolution, but spits in the face of chemical evolution and chemistry in general. As far as I'm concerned, abiogenesis is a simple statistical result of the fact that it's possible for a self-replicating molecule to exist - when that happened in suitable conditions, life occurs.
-evolution is real but can only happen after life has been created - again much better than "intelligent design" or any variant of creationism, but unclear in its meaning.
To what extent his statements have to do with evolution is difficult to decipher. Does he mean that in his view God created the first micro-organism that was qualifiable as "life" and all other species evolved from that point on, sharing common ancestry?
Or does he say that God supposedly created several species of organisms (if so, how many and at what point of the phylogenetic tree of life did this occur) but the theory of evolution is still valid because that's how things work post-creation?
Basically, it sounds to me like a very, very carefully formulated statement engineered to annoy as little people as possible. He doesn't want to alienate the conservative members of the church, but he wants to make his church less backward for the more progressive religious people.
Obviously, it's sort of understandable that the leader of Roman Catholic Church doesn't want to completely remove God as the original cause for as many things as possible, but to me it's rather annoying how much influence the position of a religious leader still has - progressive as he may be by comparison to his predecessors.