Members are going to have different views of these reported changes, which have not been confirmed by Hyatt.
My own view is that while I like the value cash and points offers now at the category 2-6 level, now that full points redemptions earn elite night credit cash and points is no longer as crucial a part of my arsenal.
Meanwhile premium suites is huge — the major constraint on my travel is time rather than points. Since I’m not working hard to stretch each point I’d rather use them for the best experience possible.