IMHO the Western Allies will take this. The French will be happy to get most of France back without further damage, and the low countries and Denmark get their freedom and the 10 year very small Luftwaffe bases can be dealt with. The various arms restrictions in Europe will please the Europeans so as to cut military expenditures. Frankly none of the Allies are going to be willing to continue to bleed to free Eastern Europe and the USSR. The unlimited naval forces for the Allies is Göring giving away something he could not control anyways, notice nothing said about U-boats. If this proposal is accepted, better believe Dr von Braun and co. will be given plenty of $$ to build long range missiles which will get around these location limits, and also spending for the Horten brothers and others in heavy long range jets will be there. Of course Heisenberg and his merry men will be very busy beavers indeed, with spanking new research facilities built in the east (Poland) as well as expendables for tasks where radiation might be a tad high.
Taking Jews, Gypsies, Slavs by the Allies will be something they have to swallow, of course one wonders how many of them are left in territory the Germans will keep at this point - and I imagine every country on the Allied side will get a quota assigned and would anyone care to bet whether or not the US, France, and UK/empire manage to cherry pick the most valuable ones (educated, skilled etc).