Should you really do a poll/feedback post giving your and biased opinion? That's a rhetorical question as you've invalidated it by swaying voters.
On first look, the update doesn't look good. I clearly misunderstood what revamping Galatic Challenge meant. It's my least favourite game mode because of the amount of time it wastes and the hidden counter feats I utterly despise. So, maybe ignorantly I thought CG were on the same page as me and were going to do something about this aspect of GC.
As for the reward structure, it doesn't look good. However, it is really too early to tell without data. I think for the average player (maybe you at 2 years) it'll be fine. However, players that aren't going to buy the pass and used to get red crate over 75% of the time, will lose out.