I've been reading about it, and it appears to be a horrible system. With the current/old system, you get priority at your home resort if you want to exchange back in to a different time period. Not with the new points system. They also want more points to use my weeks than they say they are worth. What a crock. And if you want to exchange vacation points to MR points, you end up getting a LOT less than if you traded your week directly to MR points. They have weekend point rates jacked way up too.

Definitely will NOT be going into the new program. Also, they want to charge an outrageous fee just to join for the privilege to exchange my weeks for points and get less value out of them.
Time to send a nasty email complaining... boy I hope this new program really backfires and their sales drop down the crapper.