Value of points dropped by a factor of two and a half
Cash+points rate more than doubled for a one-week stay in April.
Existing reservation: 168,000 points + USD$ 1,050
Equivalent today: 411,000 points + USD$ 1,050
The slider ranges from a maximum of 721,000 points to a maximum of USD$ 2,427.25. Using the slider, the value per point today is USD$ 0.0034 (0.34 cents per point). With my existing reservation, the value per point was USD$ 0.0082 (0.82 cents per point). The old rate was 2.4 times more cents per point than the new rate (okay, not quite a factor of two and a half).
(note that the cash room rate per night has not changed, and this is for the same room type already reserved).