This is good news but doesn't really help.
What this does is helps those with reservations made before the Covid-19 pandemic. That is helpful. It helped me with one IHG reservation.
What this doesn't help is my future travel plans. I cannot help it if some business travel gets cancelled. One trip is very important and needs to take place but is postponed. All the bonuses in the world is not going to help. Some bonuses might help the leisure traveler who then decides to take a trip. It only mildly helps the near term possible business trips in that I know that there's not a cancellation penalty but this Covid-19 thing is going to be with us for a minimum of one year. The cat is already out of the bag in Europe (and probably the US). China is tapering down but is starting to get reinfected by Americans.