Seth has details of the changes. The big changes are in the AAnytime Awards, or awards that have more availability across dates. There are now three tiers of AAnytime Awards with the highest tier being exponentially more expensive than the lower tier. US Airways also upped the price of the sweet spot on their reward chart, US-North Asia rewards go from 90,000 miles to 110,000 miles.
The biggest news out of this seems to be American releasing the chart with no announcement and making the changes effective immediately. That is definitely not the most customer friendly way to do business and is different than the announcement from other airlines regarding similar types of changes.
I think this is the beginning of the end of the American Airlines love affair that a lot of travel/airline bloggers seem to have. American is going to start to fall in line with what the other carriers have in place for elite programs and reward bookings and people need to prepare themselves for that.