It was mentioned in the FAQs that pointsavers will still be offered for varying lengths at certain properties. The percentage discount will remain the same since you save one category for these awards. Of course, the biggest percentage in savings will remain going from category 3 to 2, which is a drop of 33 %. Going from category 8 (new) to 7 will only save 12.5 %. IME, it has become a lot harder to get a pointsaver award in the recent 6-9 months. I don't see the availability of pointsavers that existed a few years ago.

There is one place where you can get a pretty good value from the new award schedule: Moscow. The FS properties there are category 4 and 5. A travel package would have a smaller devaluation, and the room rates exceed London, NYC, and Rome in the summertime.