The source 3ds will become fully unbanned.I got a few more questions sorry.
First does this completely leave each 3ds unbanned, or is that only if you dont have an eshop ban on the source?
Second do you need to call nintendo to make a new nnid on the old system, or can you just generate a new one(I would add instruction on how to do this to the op for those of us that dont care about phbank or have any nnid related info we want to keep)?
The target will not.
The unbanned 3ds can be treated as a "brand new" 3ds.