This new program is Disney conceding that they need local APs, and to that end, they need them desperately. All insider accounts were saying not to expect the new program until next year, announced late this year. We were hearing about it being called a "membership program." There were rumors about it being more like a rewards program. Disney, in its hubris, assumed former AP holders would just FLOOD the parks and pay full price indefinitely. They lost that bet. They couldn't even sell out the parks one day at reduced capacity charging full price.
I have a strong suspicion this was NOT the annual pass replacement program we were supposed to get. This, to me, seems like it was dropped after an "emergency meeting" once the Delta variant spike started and people began either cancelling their park reservations or ticket sales slowed. This feels like a concession, big time. It's essentially the SAME program, with some very minor changes. Certainly, the changes are not enough to warrant not simply calling these annual passes again. The whole thing is a cluster and just shows how much Disney underestimated their reliance on their former AP base.
My only fear with this is that the pricing is SUSPICIOUSLY low. I feel like next year, we better hold onto our butts because the price increase will be INSANE.
FWIW, I think they are/were THINKING about pay per ride fastpass, but similarly based on what has happened over the last few months at
Disneyland, they are probably strongly rethinking that plan. They don't want to strike out twice, so I am now expecting Maxpass to return at a similar price as before, with an add on for new passholders as well. I'm now 50/50 on whether free FP comes back. I think they are going to tread very carefully here.