Well isn't this interesting? What on earth is going on? I am cool with them cutting a Pro Tour because frankly, irrelevant. But more Grand Prix and awesome States and Regionals should be the trade off here. Magic is not dying. It's healthier than ever. Ravnica was one of the most popular blocks of all time, along with Time Spiral. Magic's reach is solidly global and European Grand Prix regularly draw 1200-1500 people.
My theory is that Hasbro's bottom line is being hurt by failures of other Wizards ventures (Transformers TCG, anyone?) and so the company is being punished. Unfortunately, it's hurting the one part of Wizards that is going unequivocally right.
--CBG