Perception is not reality. The perception of a few here only a week ago was that the direction of the 12 was unreasonably regressive.
Well... No, it wasn't. The perception that PS is a throw away item is also dangerous.
Had the company made the first move to 16.5% would we have gone to 19%? The next move is the company's, let them take as long as they need. Their true colors are on display now.