Originally Posted by
lAzyTraveler
So I made some point advance reservations. Seems like that they would honor the current points even after the devaluation if you don't change or cancel!

This is correct - existing reservations won’t be changed unless you change them (the points have already been paid).
I’ve got 3 nights booked on points at the Alila Ventana Big Sur in September - I’ve always wanted to drive the full length of CA-1 through Big Sur, so I book this every year as soon as it’s available in case the road gets reopened, and then cancel if it doesn’t. Hopefully this is the year I get to go since I can’t reasonably afford it under the new award chart.