Yep, i'd like to add my frustration to this thread ... the new app looks lovely, but is no way near as feature-rich as the ONE WE HAVE ALL PAID FOR.
I have literally just purchased a Premium Gift Subscription for my girlfriend's son, and when she asked me why I spent £25, I said, "Because they do a good job and i'd like to support them."
If I had discovered earlier that they've crapped on us from a height, I honestly would have kept the money. Really, REALLY disappointed and outraged that there is no better explanation for this appalling treatment of the long-term supporters.