People need to be aware of this. I booked and changed my reservation for next jan 4 times before anyone mentioned this change to me. It is very important to know that the cancellation policy that was in place for many many years has now changed.
I remember when it was 24 hours....then it was 48 hours....then 5 days.....now 8! I think that 8 days is trickier to remember, so Disney may be able to keep that room deposit more often if people forget and try to cancel at a week out. It's also tough if illness or some other unforeseen issue comes up a week before your trip. There is a larger window of opportunity for issues to arise. But it's still better than 30 days that I believe packages offer. (The main reason that I would NEVER book a package)