NASA's new Constellation program is going to be the biggest step of manned space exploration. It is the most important step after ending Apollo in 1975. It is a step forward for a steady stay on Moon as well as Mars.
The Space Shuttle was and still is a unique vehicle but it was not designed for anything beyond low earth orbit and long duration missions. It also did not bring us any closer back to the Moon and beyond. It is a requirement to go back to the capsule design to leave the low earth orbit again. Ares is going to do that job reliable and less expensive.
The difference between the development of the Apollo Command Module and Orion today is that back in the 1960's NASA was able to concentrate only to send humans to the Moon before Russia as fast as possible. They got all the money they needed. But today NASA has to operate the Space Shuttle, build, assemble and to operate the ISS while developing the new generation space craft. It doesn't seem so but what NASA does today is a lot more than they did in the 1960's. There is just not that much sensation within the media because most people are not interested in manned space flight anymore.
Anyway, Orion will be rather usefull to go back to the Moon and even to fly to Mars. It will be relatively safe (as far as manned space flight can be safe at all) and easy to use. Docking can be performed automatically and it can stay and operate unmanned in lunar orbit while the crew takes a trip to the lunar surface.
Also, the new lunar module called "Lunar Surface Access Module" (LSAM) will be a lot bigger than the old Apollo Lunar Module. It will have an ISS-like toilet aboard as well as an airlock. The duration of a lunar-stay will last about 7 days which is a lot. I can't wait for the retirement of the Space Shuttle to see new important events taking place finally after a brake of more than 3 decades...
PS: And of course I hope that the great development team of SSM would deliver us an Ares simulation just that much awesome as SSM...
Here you can take a look inside Orion:
http://de.youtube.com/watch?v=wlzytubpMiE