Praise goes both ways!
I can remember the first time I read this verse. I was stunned that God has praise for us. I always thought of praise going up to God, yet here he says God has praise for us. We are so lucky to have Jesus as a friend, but sometimes we are complacent and forget how incredibly powerful and magnificent and awe-inspiring God is. yet this same omnipotent being recognizes that sometimes we get it right, we do what He wants, we test and approve His will and do something for Him, and he has praise for us. Amazing.