The only people that gripe about the "system" are the people that it chews up and spits out. The people that are tracking tend to enjoy it, or may even love it. The rift seems to occur around the senior O-3 level... When some bros are bitching in the bar, others may say "yeah, it sucks, but...." And then the conversation trails off. Once the rationalizations or self justifications set in, they've got you. I truly believe that the guys at the top don't think it's broken: why? Because "it worked for them, and they are so great as to make GO, so the system must work."
I don't think anything major will come of this. Guys will stay in, guys will get out. The guys that stay in will fly a little more, and probably Won't have to do these stupid 365s as the manpower will be required in the cockpits. Lets face it: if the AF needs pilots- it's got plenty- they just won't send them to these stupid schools anymore. Honestly, having less pilots will probably improve the QOL for those that do stay....
As for the bonus- only time will tell, but my gut reaction is it won't make much of a dent.