The cuts may stick around for a while, but as the OMAAT article points out--it really depends on what the competition does.
I'm fine w/ cutting back on housekeeping to every 2-4 days or on demand. Half the time I find it more annoying tyring to time absence from the room to allow housekeeping to do their thing. I can't remember the last time I took anything from the minibar and room service is nice, but I could probably live without it.
Biggest issue for me would be cutbacks on EL and/or breakfast offerings.