I am indeed watching and have some questions and opinions on it.
First impressions are that there is perhaps the biggest olive branch offering coming out of Tehran (and Qom as it were) with this election. Although ultimately the Iranian president is easily neutered by the Supreme Leader et al presenting a reformist of sorts who dare speaks of re-establishing direct diplomatic relations with the USA is something to stand up and notice methinks.
There is the possibility that this is smoke and mirrors and part of a bigger story in Iran’s domestic politics. Offer reforms and openness while all along unleashing the Revolutionary Guard and its tag along elements on the home crowd and waging proxy combat in Syria via Hezbollah to stake out ones foreign policy agenda. All along the nuclear question is staying on the table and the day after an election is different from the day of in Iran just as it is the USA.
I am personally going to go the optimist route here. I think Iran wants and deserves a better seat at the table and that if a more open and respectable setting is opened up it ca be beneficial for all parties concerned. We’ll see.