Hyatt Regency Jersey City increasing from 4 to 5 hurts a bit, since that used to be a good value option for NYC - but I'm not surprised.
I'm a little surprised to see Grand Cypress going to Category 5. Maybe I'm just visiting at off-peak times (I'm not sure), but typically I've been paying low $200s/nt there and never seen a need to use points anyway.
I am very, very surprised there is going to be a Category 3 in London (HP London East).
In general, I am a little sad to see some of the "random" (like RDU Airport) Category 1s in the US moving up. Otherwise, overall I am not too perturbed by this and I have definitely seen worse.
I think the devil is in the details with the shift to the multi-tier system.