With so many hotels moving up a category, I wonder if Starwood has considered offering Cash & Points above the Category 4 level. For many of us (including me), C&P is our favorite award because it lets us stretch our points out over more stays. But when a hotel goes Category 5, its automatically drops out of C&P -- making it far less desirable or attainable, as most of us would have to burn a good percentage of our point balance for a multi-night stay.
Since C&P is capacity controlled (in addition to seasonal restrictions), logic would suggest that at least some Cat. 5 and above properties would want to participate if given the chance. At the same time, encouraging such participation would mollify the angry hordes of SPG members who have now seen their redemption options severely limited.
What say you William?