I agree with your comments. It is a downgrade for most FF’s as there is now no mile for mile travelled. It is the only FF that I have seen where ‘rewarding’ means nothing for those on ‘flexi fares’, but a downgrade for those who prudently purchase saver fares. It is really Emirates way of screening out passengers from thier lounges, as they unsuccesfuly tried at the new Dubai lounge.
I think the advice given to make these changes is a huge mistake for them and there is no loyalty shown to ‘loyal’ passengers.