IMO, one of the biggest weakness of HHonors hotel rewards are their relatively poor value for one night or short stays less than 4 days. In addition, redemption for lower hotel categories, Cat. 5 and below also tend to be poor as well. The Points & Money option attacks and addresses both of the above weakness and therefore, is a much welcome change. Still trying to get the Diamond Desk to confirm whether Grand Wailea can be used using this award option or not but so far, they are saying it hasn't "rolled over yet". Not sure what this means so I think we need to wait a while to find out of if all properties are participating and other fine details such as blackout and capacity control and whether Diamond Force applies or not, and etc. Still many details are missing so I reserve my final judgment for now.