That's ok, Mod's have super powers that allow us to do amazing things like stop spammers in the blink of an eye, split threads with a single click, and so forth. 
Regarding your question, the answer--as is so often the case when you ask a question about Orthodoxy--is both yes and no! The canon is not "relevant" in that it is not applicable for our context. We don't have deaconesses, or married bishops for that matter. So, the letter of the canon is not relevant for us (at least at this time, though considering how some people, e.g., Met. Philip, are trying to bring some of these types of things back, it may become needed again sometime soon).
It is relevant, however, because the spirit of Orthodox canons are always relevant. So what is the spirit of this canon? I'm not the guy to ask, so I hesitate to even speculate. However, just to give an example of a possibility, we might say that the canon teaches us that Bishops are to devote their entire lives to the service of God and his Church, and that nothing--not even a wife--can prevent him from this calling. It is also important to note, though, that the wife has to agree to this; this isn't simply a matter of putting the wife away when she's no longer needed: their would have to be consent by all sides (the other bishops, the bishop being ordained, the wife and family) that it was God's will that this all be done. You cannot merely abandon a wife, even if it is so that you become bishop; she always has a say. And even if there is a mutual seperation, it is still the new bishop's duty to care for her in the ways that he is capable of doing so; this is a good concept for us to remember as there are so many seperations and problems in marriage today. Seperation, even by mutual consent, does not mean that the husband's duty has ended.