Max, the only way to disrupt a humour thread is to replace it with a cynicism thread
On the web site they say it has a total field weight of 3 ounces. It looks much like the regular Squeeze (which is great by the way - I'm a big fan). The regular Squeeze weighs 3 ounces. It has the same backflusher as regular Squeeze.
I think that the only difference in this new product is that it has 12, 16, and 32 ounce bags. The original product has 16, 32, and 64 ounce bags.
Another thing, it looks like these are the old bags that people complain about breaking and not the new bags that are supposed to be stronger.
So, my cynical idea is that they're just trying to unload their inventory of old, weak bags.
By the way, I've been using the 64 ounce bags successfully on a number of trips. Maybe you just have to baby them - gently squeeze, don't swing them around holding on to threaded piece when full of water,....
I just wish they'de test them to see if freezing damages them rather than lamely saying they don't know so you better throw it away if you think it might have frozen : )