A CC rep. told me a year ago that they were actively trying to figure out how to make changes without any "take aways" from current members. Management had been asking the rep's for suggestions and apparently holding meetings. The rep. told me then that they would almost surely do something by year end 2012. Obviously, they haven't come up with a plan yet, but they need to.
If you've been to one of the Elite member functions lately, it appears that half the ship is there. It wasn't that long ago that the evening cocktail hour was held in Michael's Club, but now even the big topside night club is crowded.