There's a table in section 22 of the new terms and conditions explaining what is elite qualifying which states that "Purchases on IHG One Rewards credit cards and Chase Ultimate Rewards points transfers to IHG One Rewards" are non-elite qualifying points. It doesn't mention anything about Creation who are also not in the list of select partner activity which do count as qualifying. On this basis, I can't see that points will qualify any more.
I was already planning to cancel my card as soon as the free night is issued in a few days due to problems I've had with authorisation of some regular payments. I tend to agree that Creation will probably drop the cards altogether at some point. Now Chase are launching banking services in the UK, hopefully they will issue IHG cards at some stage.