Here is a letter I just got back from a WDW CM, I had written about the AP kind of innocently to see what kind of response I would get back and here it is and it gives us all a gleam of hope...... Hello Kristin, Thank you for your recent ticket inquiry. If you order annual passes now, you would receive an exchange voucher that would be good until you redeem the exchange voucher for the actual pass whether it is in 2004 or 2005. The pass would be valid one year from when you redeem the exchange voucher. Depending on the time of year and the promotions going on there normally is a discount on room for annual pass holders, currently the only program that will be ending soon is the Disney Club. If you have any further questions please feel free to contact us again. Thank You! Chris Communications Center Walt Disney World Ticketing (407) 566-4985 "Memories Made, One Ticket At A Time" Please note the phrase NORMALLY A DISCOUNT ON ROOM FOR ANNUAL PASS HOLDERS.