If you previously redeemed low-season/shoulder-season awards, this change hoses you hard.

If you previously redeemed high-season awards, and you usually have enough points to cover whole awards, this change seems to have no impact...for as long as HH holds to their promise to keep the high-season cap at today's level for each property.

If you previously redeemed high-season awards, and you sometimes don't have quite enough points for a whole award, this could be a real enhancement for you. You can use the slider and still keep a high value-per-point, and fully drain your entire account down to almost 0 on a pretty good award.