Too bad for this event. Not sure the USGA is doing the right thing by eliminating this one. I would agree with Tee3Green that this is not for the good of the game. It might be good for the USGA, but not for the overall game. I cannot think of how this benefits amateur golf in the least. If the USGA wanted to add an event, just add the 4 ball.
If they wanted to eliminate an event from their schedule, how about dumping the State Team event. That one does not appear to have a lot of value to growing the game...