DD's school recently had an Ofsted inspection and the overall report has come out as satisfactory with some good elements. These one day Pfsted reports read very differently to the old style Ofsted report. I'm not sure the school is that different to when it was last Ofsteded and got a Good grading. Things I value highly, such as the happiness and well-being of the pupils, are still noted as being good, they just don't warrant a grade.
The standard of the teaching is inconsistent and gets a Satisfactory.
My gut instinct is that the school will now endeavour to improve on its weaknesses however, I understand that Ofsted reports are now heavily based on self-assessments which means the school only measured itself as satisfactory! Is that normal for schools to coast along and think they are doing OK until they are asked to sit down and evaluate themselves? The alternative is that they're aware that they could do better but don't bother.