I'm quite happy with these changes as I travel mostly around Asia on points.
They will rarely devaluate properties in solid markets like NYC, BKK or HKG (I wish the Sheraton HKG would have moved down a cat...).
But very satisfied with the Bali, Shanghai and Japan properties.
What I find ridiculous in Asia: LM Taipei and LM Kota Kinabalu.... given that W and LM there are already so expensive and LM is so not worth a cat 3....
All in all, quite satisfied with this... until it's confirmed that is.