I think I'm going to cry. I have quite happily given AA ever shred of my FF business in exchange for a generous FF program and upgrades into mediocre J class with usually broken seats on international flights and some ok food. This move is certainly going to prompt a run on 31 AB HJ.
I'm losing my UA status this year and now I'm kicking myself for remaining so blindly loyal. Coming from NYC, AA is never the most convenient option, but I have stuck with them. Now it's going to be much harder for me to justify not flying CO/DL as much as I used to grimace.