So the way you see it is that the only hope of not spending more money is to sign the letter. Even at that it seems thy aren't guaranteeing anything. I get it the the whole timeshare thing is over! I guess we need to think it over. Probably won't sign...as a last resort we may do what Bob_Dot suggested and just call and book as a hotel room. OBVIOUSLY they will have openings.
Thanks for clarifying this for us! This forum has been sooo helpful.