For me the most disappointing aspect of the new program is not the fixed rate of 1/2 a cent per HH point (more or less) for standard rooms but the fixed rate for premium rooms of much less than that (I'm averaging 1/3 of a cent per point or a little more). So if standard rooms are no longer a good value, what does that say about better rooms at all these properties.

And even that is counter-intuitive. Premium rooms should be available at a BETTER rate than standard rooms, since it would incentivize us (me) to pay the extra points. As it is, I usually get some sort of upgrade for free (though it's a crap shoot, I admit), but given the relative values, I will always risk the upgrade going forward rather than paying much more (in points per dollar or dollars per point) to secure it. What were/are they thinking?!?