Although this is the analysis of the 2000 / 2001 versions of the Akaka Bill, the same flaws remain. In the end Hawaii is forever submerged in the mire of American politics, governed not by self-determination but puppet subsidiaries of the Secretary on Interior, much like OHA and Hawaiian Homes are puppets of the state government.
There is no Nation within a Nation. The Nation on the outside calls all the shots. Ask the Navajo what kind of Sovereignty they have.