Currently, the 35% discount only applies to the current trip - they are taking
free dining off and, to help compensate, giving 35% off the room rate instead. As of now, that discount cannot be applied to a future trip. That could change, of course.
Nobody knows as of yet. One would hope!
This exactly. The "legalese" that was released about a week prior to the reopening statement basically stated Disney reserves the right to do whatever they want - modify, limit capacity, closure, etc. They also reserved the right to cancel any reservations and provide applicable refunds. It actually concerns me that, while guests may like to stay in the hotels they have chosen or may even be ok with being moved to a DVC resort (if rumor becomes reality), truth be told, Disney reserved the right to outright cancel on people. I really hope it doesn't come to that. I truly hope anyone who has hung on this long in the hopes they can salvage a vacation will be able to salvage their vacation.