Taiwan's nationalist KMT party wins control of legislature

I've been reading a little about the results in Taiwan's elections yesterday. I'm no global political guru, but this is how I understand it.

Voters went to the poles yesterday in Taiwan, and they changed control of their legislature from the Democratic Progressive Party (DPP) to the KMT, Taiwan's nationalist party. The Nationalists won 81 seats of the 113 seat Legislature, where the DPP won only 27. President Chen Shui-bian with the DPP has been pushing for policies finalize independence from China, and has planned a referendum to help Taiwan gain membership into the United Nations. Some say that Taiwan has lost economic competitiveness because of recent tensions with China. The KMT nationalist party favors more active engagement with China and doesn't rule out reunification in the future. Taiwan's presidential election is coming up on March 22nd to choose a successor to President Chen who is stepping down after 8 years in office. Opinion polls give the KMT's candidate Ma Ying-jeou a 20-point lead over the DDP's Frank Hsieh.