TarheelsRule:
If you are an elite player who is playing only to cash in your credits for a round of golf, an amazon gift card, etc. then the changes in the Elite collection probably suck for you, however if you are like 99% of the WGT players, those prizes mean nothing to you and you don't care what the fuss is about.
Although I'm not an elite player, I don't think anyone is playing ONLY for cashing in - come on, somebody somewhere in the forums estimated the best possible "earnings rate per hour" which is a joke even if you're a super-tour-legend... There are a number of factors - fun of playing itself, thrill of competition, fun of winning, but of course also ability to convert those credits to something useful, even if small - which wouldn't have to be monetary - it could actually be something like voting power in some WGT decisions, like buying "stocks". I actually would have been quite in favor of caps/shirts/towels, even if WGT branded, if they come at a reasonable price like 10-30k credits (let's say 6 times their value), but they definitely shouldn't have come INSTEAD of gift cards and real sets of clubs that were probably the only practically attainable (even if for <1% of players) and useful items...
Edit: as a side note, if playing could be made more fun by things like new courses and new realistic conditions, prize motivation could play a lesser role, but few advances happened on that front recently...