Posted on another board...
So here are the facts on the Passholder Best Rate Program offer...
This discount offer can only be booked online at the Passholder website. Passholder discount offers will still be available thru 1-407-W-DISNEY but the discount percentage will be greater if booked online with this Program. The online offer is guaranteed to be the best offer* available at the time of the booking for the travel period offered. If Disney subsequently reduces the room rate to the general public* for the same room and nights you booked online under the program, Disney will automatically reduce your room rate to match that lower rate.
The reservation must be made at least 120 days prior to arrival date. Currently the program is only available for arrivals through 12_19_05. An adult Passholder using the Passholders credit card must make the reservation. The adult Passholder MUST be part of the traveling party. Only one room can be booked per reservation.
You can book this offer using an Annual Pass Exchange Voucher ID number, and your voucher will then be validated by the website at the time of the booking.
A one-night NON-REFUNDABLE credit card payment is required at the time of booking. No further payments can be made by phone or mail; the balance is due at check-in at the resort. The Passholder must present their valid annual pass at check-in.
A Modification Penalty of $50 will be charged for any changes to the length of stay, party size, room type, resort, arrival or departure dates, or to change childs age. All modifications must be made by phone, and can be made up to the day prior to arrival.
The number of rooms and nights available for this Program is limited and rooms are not available every night. This Program is subject to change or discontinuance at any time and without notice.
*Does not include group rates, auction rates, or rates conditioned on group/club memberships or other specified eligibility requirements. Note that Disney considers Passholder rates, Florida Resident rates and any broad offer (advertised on disneyworldcom or in local newspapers, tv ads, etc) to be general public discount offers.