This is a LOT better than what we had. No, it isn't perfect, but it is a lot better. Let me just kinda walk everyone through my thoughts on the matter.
Championship Points are great, and what a lot of us were asking for. You are now rewarded for how well you do at events, rather than rewarded for not losing at all at events. You are now rewarded, rather than penalized, for playing at lots of events too, and the kinda soft cap we have on the amount of events that count is great too. Sure, maybe you've got your 8 BR top cuts, but you'll still play in more, because maybe you could get another 1st place to replace that 3rd place or something, which is simply great for the game.
However, I do agree with people that BRs and Cities have too many points, or at least too many in comparison to the larger events. I think they should have enough points to matter, but not so many that they make the bigger events less important. It's a difficult balance to find, but they certainly haven't managed that balance here. Truly, I think they simply need to raise the amount of points you gain from States and Regionals (as well as Nations/Worlds). This is something they could still do this year as well, as long as they implement those changes before we hit those tournaments. Here's hoping they do that, given our feedback. They could also, I suppose, lower the amount of BRS/Cities that count, but I don't like that as much as simply giving more points for the bigger events.
On Play! Points, I think the system sounds good. I'm interested to see what the rewards will be, and if any other perks will be awarded as well. I must say though, making Player of the Year based on Play! Points rather than Championship Points seems like a bad idea to me. Player of the Year should be about the best player, not the player who plays the most. I suppose that's an entirely subjective thought, though.
And on prize support. . . well, I'm disappointed, to say the least. We keep getting less and less prizes. P!P is doing a lot of wonderful things for the game, but ALL of this could potentially be undermined by poor prize support. No scholarships for Regionals is a terrible idea. If they do that, what they need to do is maybe give top 4 travel rewards rather than top 2, or maybe give more booster packs, or maybe small cash prizes or SOMETHING, anything, but simply removing a prize and not giving anything really in return is terrible. Prize support is just getting worse and worse, and this needs to change, and soon.