So, for the perspective of a 1k:

Pros:

UDU on Award Tickets
United Club Passes
Additional mileage beyond $25,000

Cons:

2 points vs 3 for UACO purchases
No more EQM options

Not yet clear:

Fee waiver for 1k's

Irrelevant:

Baggage fee
Boarding priority
Last available seat (though I hope this doesn't mean expanding availability of the 1k saver award inventory)
Expiration ($95 a year quite the upkeep fee anyways)

Am I missing anything?

Domestic UDU would be nice on awards, but I never redeem domestically anyways. If there's no fee waiver I'm out.