Solo,
The old program was advantageous for you. That was a good thing for you.
For me it was not. I fly 2 or 3 times per year and risked losing awards. Then I signed up for the B6 AMEX and spend my paycheck using AMEX. I repay the balance in full. I get awards and have to plan accordingly so I still would risk losing awards.
Under the new TB2 I get to continue spending my Paycheck using my AMEX and at 20,000 points I get what is the equivalent of an old TB value or better, and I get to keep it so long as I use my AMEX TB B6 card.
For me and my family the new TB2 program is a win win situation!
Sorry for your loss. But I totally disagree with your opinion.
TB2 Rocks! ^
PS Now I don't have to worry about blowing an award on a short hop such as JFK to Boston, or JFK to Buffalo.
I can cash in my TB points and not sweat the small stuff.