Well I was handed a letter and a new by invitation card valid to the end of December 2013 upon checking out of Sharm .

Pretty much the same benefits as the previous program.
The benefits are combine able with the Fspp benefits. So if by invitation gives you a 100 dollar lunch/dinner credit and Fspp does a spa credit you get both and your breakfast.
Add in a 3 for 2 and whatever else is attached to an offer the hotel is running and you have a triple whammy of added value to your stay.
Clever use of the guaranteed at booking upgrade points earned is a fourth deal breaker whammy that draws me in!
Given the number of very nice Four Seasons properties around,my custom is assured on an ongoing basis anyhow.