Hard to take seriously the threat of a not-yet-released product. Also given Citi's history of removing benefits on the Prestige over the last 2 years, which is a large part why I cancelled mine a few months ago, I wouldn't bet money that the rewards structure and benefits on the revamped card will stay the same or improve over the next 2. But Citi could prove me wrong.

To add onto what mia said, generally you can't get retention bonuses in back to back years. I think the rule is actually 13 months in between since I was once able to get retention bonuses in back to back years on my Plat but I called for the first one about 5 weeks before the annual fee hit and the second one only a couple days before the 30 day cancel deadline to get the fee refunded. So clearly this isn't sustainable every year.