Is Kevin Martin Indecent?

Yesterday the U.S. Court of Appeals for the Second Circuit's struck down the Federal Communications Commission policy governing "fleeting expletives" as "arbitrary and capricious." FCC Chairman Kevin Martin responded with an expletive-laden statement. Given the Second Circuit's ruling, could a network air Martin's remarks without fear of federal sanction? Discuss.

UPDATE: Daniel Drezner has a few more questions, including "What the f$%& is Kevin Martin thinking?"