Loose information here, but an excerpt from the mycoupons board reads:

'I have 9000 points. Went to see about cashing them in and they have suspended their rewards until February. Says they are implementing a new program. I didn't really undestand what they were changing it to. Said something abut discounts on merchandise. Does anyone know what they are planning. I hope I didn't just lose all the value of my points!'

Personally, I wouldn't hold out much hope for anything but discounts on things.