Pretty much. It's not for every muslim to carry out - only to those it was revealed to initially. What we can take from the ayat is the principle; divine law is better that the other laws. But that's really as far as that ayat is relevant to the muslims of today (in terms of what we have to take from it) - the rest is important but not relevant to what muslims are to follow.

Alternatively, just use the tafsir link.