I wanted to revisit this as they've (finally) come through with their offer...and wanted to see what others thought of it.:
So, the deal finally closed and we're in the system, so I wanted to come back and update this with the final deal:
We got 6000 HC/NY points for $18,000 total (inclusive of all fees). It was nice to get 6000 as 5000 would be too few and 7000 too many, and 6000 is not a standard contract that one can find resale, IME.
With no closing,transfer or agent fees, I figure we saved about $1500 or so over resale (others may have a more accurate figure). Brings the cost down to $16,500
We received 500K HH points. We can get at least $5000 of hotel use out of this (likely more, but that's a minimum figure). That brings us to $11,500.
We save about $227 a year in MFs for not having to buy 7000 points (the fee is for the extra thousand that we'd have to force to use). That amounts to about $5221 over 23 years,bringing us to about $6279 (yeah, I know that this one is a stretch, but we really would not use those points without making an effort to do so

).
So, that works out to about $1.05/point including the MF savings and $1.92 without. I've seen one report of a better rate, but research leads me to about $1.60 - $1.80/point for HC/NY.So this is not far from that in either case.
Plus, we got the Gold for life of the contract and a Mutual Account- which don't exist anymore. Also got to use a CC for the purchase and earn more hotel points (not sure if the HGVC resale folks take CCs, but some of the DVC don't.
Overall, pretty satisfied on our dealings with HGVC on this.
Cheers.