Well, it's certainly not made out of cheese, much to my chagrin!
The thing that I've found so interesting about oxidation of the lunar surface ever since it was announced is the extent to which Earth, err, contaminates its nearest neighbor. Molecular oxygen is one of the bio-signatures in astrobiology one might look for in a search for life, so I would imagine that if the "clouds" (for lack of a better term) extend quite a ways outward from the origin planet, it might lend itself to easier detection with less sensitive instrumentation than previously thought.
I'm sure there are plenty of other interesting implications too that really smart astrophysicists are working toward in the search for extraterrestrial life forms.
But, I'm not an astrophysicist, and I may very well be dreaming up idiotic notions that are impossible.
