The following is from the WDW site:
Planning a vacation in a few months? Then it's time to try our Passholder Best Rate Program! Now Passholders booking a Disney Resort room online under the Passholder Best Rate Program at disneyworld.com/passholders can rest easy knowing they have received our best room rate offered to the general public* at that time for the room and nights booked. And, if we subsequently reduce our room rate to the general public for the same room and nights you booked online under this Program, we will automatically reduce your room rate to match that lower rate.
Now, new lower rates are available in January starting at $49 per night for select Value Resorts! These rates will be available most nights from January 16, 2006 - February 4, 2006.
Rooms must be booked at least 60 days in advance and, unlike our normal cancellation policy, a non-refundable deposit of 1-night's room charge and tax must be paid at the time of booking. Currently this program is only available for arrivals through April 13, 2006. The number of rooms and nights available for this Program is limited and rooms are not available every night. Rooms are available for most nights during the eligible arrival period. This Program is subject to change or discontinuance at any time and without notice.
For more details about the Passholder Best Rate Program, check out Frequently Asked Questions.
* Does not include group rates, auction rates or rates conditioned on group/club memberships or other specified eligibility requirements.
See Important Program Requirements below
Enjoy this great rate at a great time to visit! Happiest Celebration On Earth is in full swing with new attractions, including Soarin', Cinderellabration, and Lights, Motors, Action Extreme Stunt Show.
As a Disney Resort Guest, you can also enjoy these Disney Resort benefits:
Renowned Disney service 24 hours a day
Spectacular pools
A beautifully themed Resort in the heart of the Disney magic
Complimentary Transportation (motor coach, water launch, or monorail) throughout the Walt Disney World® Resort
Important Program Requirements
Program only available to adult passholders booking online at disneyworld.com/passholders. Passholder may only book one room per reservation. Reservations must be made by adult Passholder with Passholder's credit card. Passholder must present his or her valid Pass at check in.
* Under this Program, Passholders receive the best room rate offered to the general public at that time for the room and nights booked. This Program does not include group rates, auction rates or rates conditioned on group/club memberships or other specified eligibility requirements. Additional per adult charges apply if more than two adults (18 or older) per room. Unlike our normal cancellation policy, a non-refundable deposit of one-night's room charge and tax must be paid at the time of booking. The number of rooms and nights available for this Program are limited and rooms are not available every night. This Program is subject to change or discontinuance at any time and without notice.