New Rankings

Hi, Can someone tell me whats up with the new rankings. For people between 1600-1800, it seems like the rankings dropped by 5,000 spots or more.

the new system sucks
I lost 200 pts and we can't seek by categorie so u never know the rating u will play

Well yeah I was ranked at about 7,000 before, and now it's 10,000.

I assume it's just been updated.