I haven't gotten this email yet but overall I think it's a pretty good change. Especially the 1:1 point transfer for airline miles. It'll be a lot easier to get companion pass with WN. I don't think the $2000 spend will be a that big of a problem for new cardmembers. The $50000 a year spend will be attainable by some, I would like if they still kept the stay/night bonuses but at a lower spend. $10 bump in annual fee is not a big change but not a favorable one.