Here is the stay anytime award rules for Xmas this year (12/23-30

I cut and paste the relevent sections with the bold my emphasis and where my questions are

MORE INFORMATION -------------------------
Guests redeeming points are not charged resort fee
Mandatory $5 occupancy tax per nt per person will be charged.
During Holiday Season (Dec 22 - 31, 2007) the cancellation
policy is 90 days prior to arrival. If cancelled within
90 days penalty of $500.00 applies.
two sections down from the above is >

Canceling Your Reservation
You may cancel your reservation for no charge until December 22, 2008 (1 day[s] before arrival).

So my question is

If I book this now and its obviously less than 90 days; can I cancel up to one day prior for NO CHARGE?

If not why not.. it says so right above.. this is confusing