I think that "Fast Pass" will be removed as a word and "Fast Pass+" will be the new entity. They are not taking away Fast Pass, they are creating a new thing that is replacing it. This new thing will be better and more magical for everyone.
Resort guests will have their bracelets they can wear and charge things to their rooms and get their fast passes that way...and then non-resort-guests will have their tickets they have to hold onto all day instead of the bracelets.
From what I understand, there will be no printed slips of paper for fast pass but it will all be electronic and if you have a smart phone you can check when your reservations for the attractions will be...but if you don't have a smart phone then you will be able to use your bracelet or ticket to check when it is on a screen somewhere.
Disney is eliminating the lost slips of paper that were printed out as fast passes. This is a good thing, because I know I've lost a lot of those things in the past!
My family is not big fast pass users and frankly if it's just my husband and me we don't even bother with them. We like to go with the flow and will line up for something if there is no big line, and we hit the rides we love first thing when we get to the parks to be able to enjoy them....and then usually swing by for one more ride on the way out at the end of the day. The whole fast pass culture is lost on us...I think it makes going to the parks too competitive.
I actually really enjoy being in the line and looking around, talking to the other people around me, having a little quiet time to just look around and see the sights from the line and get ready for the next experience. It's not my expectation in the parks to bop from one ride to the next with no waiting. I've actually been to the parks the week after Thanksgiving when Disneyland at least was totally dead and it was weird to walk from one ride to the next and jump right on. After a while, it got old and I missed being around the people.