...there are two things that pop into my mind when I think about this. First, that eliminating EE most affects those people who both stay on site and know enough about WDW to know about and plan for EE; in other words, Disney's best and most knowledgable customers, and likely the most repeat visitors, too. Second, that EE is one of only a handful of reasons to select the All Stars over an even cheaper off-site hotel.
So if this is a "business decision" based on the fact that weekday attendance (and associatedly, hotel bookings) is down, the question becomes how good a business decision is it, when it mostly serves to discourage some of your best customers from buying right now, and to give less reason, in tight economic times, for folks to choose one of your products over a cheaper competitor's product?
My family and I happen to still be going down for our pre 9-11 planned WDW trip in December, but that is because WDW has a sentimental significance to my family that no other parks have, not because Disney is making any effort to correct the problems you mention.
You may "buy Disney" right now on the basis of supporting the company through hard times, but the majority of us seem to be more capitalistic than that. Recognizing this, some businesses, like car companies, are taking huge hits with programs like zero percent financing, just to get the customers to come back, and come back now. Disney has reacted to similar problems with a solution that will actually encourage delaying Disney trip plans or choosing a non-Disney alternative.
Jeff