I was just researching that! It seems to depend on your booked room category. Looks like most higher room categories you can cancel 75 days out and get your points back. (But you don't get your $95 booking fee back). The only thing I saw that troubled me about cancelling was that they put your points all back in the year the trip was booked (that part is fine) BUT you can't use them for anything BUT another Disney Collection reservation. It specifically says you can't use the redeposited points for a DVC resort or a World Passport. So if you cancel, you would need to use all those points to start at WDW or DL at a non-DVC resort. That's the way I read the info anyway...
Thread: 2011 Cruise Iteneraries
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2011 Cruise Iteneraries – 09-11-2009,02:16 PM
2011 DCL Iteneraries are now on the DCL website! (and mousesavers has a page about it, too)
It looks like there will be cruises from both the west and east coasts, Alaskan, and Mediterranean!
I so would love to do the Panama Canal repositioning cruise--but it looks like it departs in early January. Does anyone know what the cancellation policy is for DCL?Sophia: “The race was underway. I start off slow. I’m cagey, like a panther, but when the time is right I pounce! The crowd is on its feet: ‘Sophia! Sophia!’ I could see the finish line; it was only 200-300 yds away. And then, it happened—what every runner dreads. I hit the wall.”
Dorothy: “Ah, ma, you ran out of steam?”
Sophia: “No, I actually hit a wall. They put up a new Wendy’s on Collins Ave.”
-The Golden Girls, Season 2
I've gotta say I'm quite pleased with the adjustments made re: point values for 2011 cruise bookings. I bought into DVC very early in (1993) when OKW was still known simply as "the Disney Vacation Club." If I'd had an inkling how far the program would expand it's likely I would have purchased more points; my allotment seemed quite sufficient at the time, but nowadays there are SO many options...and since I haven't been in a position to add-on, I'm occasionally disappointed at how many possibilities exist that seem more or less out of reach. I took a 3-night Bahamas cruise back in 2002 and it was a mixed bag: it seemed too short to enjoy many of the available amenities, especially considering the discovery of my wife's extraordinary susceptibility to seasickness (which pretty much blew our first night and most of the first full day). I've wanted to try again, but the point costs--compounded with the arrival of the kids--made it seem highly unlikely.
So now I'm VERY excited about having booked 5 nights aboard a ship that hasn't yet been built. It's a year and a half away and I just can't wait. Bring on the AquaDuck! Bring on the Quiet Cove adult pool with swim-up bar!