I received the same offer. Two months ago their postion was "you're just not that important to us anymore" and now it's "thank you for your patience during this period that we tried to change our business model. We may still continue to do so, but in the meantime we're trying to string you along with mediocre offers." Also, whose idea is it to start the offer letter with a bunch of percentages on theoretical wins? I was glazed over and barely noticed the actual offer at the end of the letter before it hit the bottom of the recycling bin.