So we're looking at "good value" for HH points only when the cash rate is so high that the new (seemingly higher) level of max points is still over 1/2 a cent a point. And by "seemingly higher," I'm thinking, for example, of NYC where most of the Hampton and HGI, etc. hotels went up from 60,000 max to 70,000 max after the new system was implemented.

And most of us expect this to go away eventually based on the wording of the new program ("currently no more than....") And then it will be simply transactional--1/2 cent per point for standard rooms and somewhere around 1/3 or 2/5 of a cent per point for premium rooms? Going forward this will be the new norm and there will not be any bargains to find, just a flat redemption rate (which will [or may] vary based on whether we're redeeming for standard rooms or premium rooms).