I don't blame you, I'd be mad too. I was kinda, sorta planning on a trip leaving tomorrow for a week. I couldn't make up my mind if I should spend the money, and two weeks ago talked myself out of going. To tell you the truth, after hearing of all the cutbacks, I'm so glad I decided not to go. But to qualify that, we did just go in March anyway, so it's not as if we've never been or have waited a long time.
We always take advantage of EE and I absolutely love it - I'm a morning person and my kids are early risers, so it worked for us. BUT, I think you will still have a wonderful time, because Disney World is, well, Disney World! No other place like it, even with the cutbacks.
I would just plan on being at the park well before opening, so you can be at the front of the turnstile and get through the security check quickly. Then, at MK, just quickly make your way back to Dumbo, say, just as you would for EE. I'd follow the same kind of plan as EE, hitting all the rides in Fantasyland one morning and maybe all the rides in Tomorrowland another morning. Then there's plenty of "lesser" attractions that don't have long lines generally. And to look at it positively, maybe the cutbacks will encourage you to sit and relax more, realizing that commando touring is not what it's all about. You can spend time going on the monorail to different resorts, maybe eating dinner at one of them. Take advantage of the programs at Ft Wilderness - the campfire and movie. Do Downtown Disney one night - I'm not a shopper and we ended up not buying ONE thing there, but my kids liked walking around, playing with the legos, jumping with the squirting water in the sidewalk, etc. It was a great relaxing evening. Go the Poly one night for dinner, then walk along the torch lit path to the beach, sit in the hammock and watch the electric water parade. These are some of the things that we did this year as I tried to slow down and not be a commando (which is my nature).
Don't blame yourself for not doing more research - all these cutbacks were very sudden, and came one right after another. No one could ever have anticipated all that's happened beginning 9/11.
Have a wonderful trip, and be sure and let us know how it all went for you.