In my opinion, the most you can say for this manifesto is that it bought the Tsar a few more years of power and of life. By October of 1905, Russians were severely dissatisfied with their government. They had lost a war to Japan, there were strike and protests and brutal suppression of some of these demonstrations.
In this atmosphere, the Tsar issued the manifesto, which set up the Duma and seemed to give some amount of rights and power to the people. However, it was a sham. The Tsar could veto the Duma's laws and he could (and did) dissolve it if he wanted to.
So no real change came, and the people continued to be upset.
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