The writing has so clearly been on the wall that at this point it's pretty hard to get outraged about a very predictable devaluation. Given what AA has done with international long-haul redemptions, is anyone really surprised that the caps on premium transcons have been lifted? It's just what all the other US carriers have already done. What's surprising (at least to me) is that AA still provides the level of value it does, with decent redemptions still pretty widely available.