Yeah, we returned from POP last weekend and I can confirm there's no bounceback. We've been doing the free
DDP in August for several years now, but we won't be returning next year if all we can get for free is the QSDP.
Frankly, free DDP at the Value Resorts was too good a deal -- which is probably why Disney has pulled it. Over the years, my family became "professionals" at milking it. It was a fantastic deal if you could stay, say, 10 days, buy base tickets (which cost little more than 3 day tickets), and ate and hung out at Disney's best restaurants and fanciest resorts, touring the theme parks at a relaxed pace. All for about $80 a day, plus the tickets. None of my friends believed it, but Disney was actually a cheap (and very nice) vacation this way (with little need or incentive to spend any additional money, except for gratuities at the table service restaurants).
I still think free QSDP at a value resort is a very good deal -- but mostly for Disney newbies. Those of us who have visited many times have "done" the parks; the opportunity to eat for free at some great restaurants was what kept us coming back year after year. (Newbies will be happy exploring the parks, and will find the free QSDP more than adequate.) I'm sure we'd EVENTUALLY return under the new rules, but there's just no reason to rush back. Upgrading to a moderate resort would almost double our room tab, which might still be a good deal, isn't a COMPELLING deal if you've already done the free DDP several times at the much lower price. I'm sure many other value bouncebackers will feel the same way, and Disney will lose some of our business, but I'm not sure it's business they really want to have.