This is really a mixed bag. Let me paraphrase (loosely) what I read between the lines:

1) We will give you 2 more SWUs, but we know most of you will likely never be able to make use of them. (devaluation for CO and UA ffs)

2) We will give you access to CR1s, but it's more difficult to earn them than it used to be on UA (devaluation for UA, enhancement for CO ffs)

3) Presidential Platinum will effectively be deep-sixed in 2011 and if you're currently a PPlat and keep up spending a bunch of money with us, you may or may not get an invite to be GS sometime in late 2011. (No change for UA ffs and slight devaluation for CO PPlats)

4) 1ks will have update priority over lower earning members....does that include mileage upgrades? Or is this the real deal like it currently works on CO/UA. If so, then this is the one thing that I see as a HUGE improvement. (No change for UA ffs and HUGE improvement for most CO ffs)

5) Crickets on E+ does not make for a good omen.

In all, I am suprised and disappointed by the lack of specificity of the new program. WHy not come out and give it to us straight:

- Name of the merged Program
- Official Elite tiers of the merged program
- Upgrade rules of merged program
- Mileage earning rules of new program

I see a lot of wiggle room in what has been announced. Too much for my personal comfort.