I'll try to explain as best as possible. DH & I just purchased 180 points with SSR last month. SSR is now selling Phase II which is not actually built/complete yet. They are (were as of july) offering 2 different options.
Option 1: $85.00 per point (going rate is $95 per point), no points until 2005 & no maint. fees until 2005.
Option 2: $95.00 per point, no maint. fees until 2005 (in our case June) & we will not get our first official set of points until June 2005. However, they are giving "developer's points" to match your # of points, effective immediately. We purchased 180 points & were given a 1 time set of developers points (180 points) to use from now until Sep 30, 2005 - at any of WDW &
DVC properties EXCEPT SSR. We have booked 4 nights for next June @ Disney's Hilton Head SC resort & will use the remaing for next Sept. @ BW or BCV. We will be given our 1st set of points in June - which we will probably carry over to 2006 since we are using our dev. points for our 2005 trips.
I hope this helps to explain. This offer is only good for SSR. If you need further explanation, visit the DVC board here or contact a DVC guide.