Long ago they reported that section would open fall 2009. Many have mentioned Sep 1 as the date including because some at MS may have mentioned it. However, we are now at Aug 20 and DVD itself has still not formally confirmed an actual date, so when Pembe and those units actually open is perhaps still unclear.
Unless prior practices have changed and contrary to the above comment, once opened DVC members will be able to occupy them even if the particular units have not been declared into DVC. The total of units declared and sold determines DVC Members percentage of occupancy rights in the building, e.g., if they have sold 50% of the building then DVC members are entitled to reserve 50% of the time and rooms available. However, they do not limit the members' actual occupancy to only units that have been declared into the system and sold. When you make a ressie you can be put into any room that is available for occupancy regardless of whether the applicable unit has actually been declared into DVC yet.
The way I interpret the pre-opening clause is DVD can project what percentage will be declared for a certain date and open up reservations. For example, next July can be booked for points for home resort members now at AKV. They could open up reservations based on what they project to be declared by that date. I would bet they are conservative with the number because they are paying dues on unsold points and use rooms they send to CRO as income.
With regard to the text bolded above - As I interpret the Pre-Opening Program, DVC members are not limited to only 50% of the resort for using their points. The entire resort could be reseved on points, regardless of the percentage declared/sold, if DVD was so inclined. It seems that as long as the construction of the accomodations is complete, that part of the resort is open and a C.O. is in hand, then the rooms can be reserved on points.
Thusly, it seems that all of BLT, AKV-KV and SSR-THV could be available on points if they are open and available for reservations.
The description of the program describes that a comparable reservation will be given to DVD in exchange and DVD can then use, assign, transfer or rent the accomodations as it sees fit.
Perhaps I was misunderstood. In a new resort where only part of the units have been declared, you can as a DVC member be put in any rooms in the resort available for occupancy regardless of whether the particular room is in a unit that has been declared into DVC. The 50% example was referring to the division between reservation time available to DVC and reservation time available to DVD for rental. If 50% of the resort has been sold, DVC members can be put in any rooms in the resort but are entitled to only 50% of the total occupancy time for those rooms; DVD is entitled to rent the other 50% of the occupancy time.
As for allowing members to book rooms on points which are not part of the condo association, I don't see why DVC would want to do that. They would seemingly be better off renting them to cash guests (even at deep discounts or as free upgrades from another resort) or using the "Developer's Points" as a sales incentive. Legally they could probably do it but there doesn't seem to be any economic advantage for DVD/DVC.