It is at least clear that Disney does not see as much value in local Passholders as some would have thought. I don’t think they’ll do away with AP’s, but I do think the days of being able to visit on a whim, as often as you’d like, are long gone.
We are ( soon to be were, as we’re getting refunds) out of state Passholders. I doubt we’ll go back to multiple visits during the year unless they drop the reservation system as it now exists. If they don’t come back with significant room discounts, AP’s wouldn’t make much sense for us anymore either.
I’m just not making reservations and buying tickets a year or more in advance. So we’ll sit back and see how this all pans out. I suspect the time will come when Disney is begging for guests to return instead of us begging to get to go. I can wait.