They can place all of the sugar coating on this that they want...this new program certainly removes tremendous value from the old program. If this is Marriott's idea of saving money at the expense of their best customers, it will definitely hurt them in the long run. Marriott must remember that their best customers ALL know the value of their points before and after. These are the wrong people to go out and pull the wool over the eyes...especially in an upcoming recession where gasoline prices and energy prices will cause people to travel less and budget more.
Marriott's plan goes against all forms of conventional wisdom...and they will most likely pay for it in more ways than one.