Well they could devalue the points by doubling all redemption amounts, which is a breakeven for us when staying at the properties that earn 20pt/$, slight loss when staying at the properties that earn 15pt/$, and a big loss for our existing balances.
I'm looking for the "gotcha" in the announcement and new T&C, but since I don't see one (only positives) I have to guess it will have to come in redemptions.
Of course I hope it doesn't.
=aw