This article from the Bloodhorse summarizes the Committee's work for 2009:
http://news.bloodhorse.com/article/48193.htm
First reaction is that, with the state of US racing today, it defies logic that there will be six new grade I races next year, with only one justifiable downgrade (the Suburban). The BC Filly and Mare Sprint is worthy of Grade I status, but the five others are really a stretch, especially Belmont's Jamaica Handicap (a grass race restricted to 3YOs that does not draw fields anywhere close in quality to the Garden City, the fall meet's companion race for 3YO fillies).