Nothing cut out of the ACP. (EDIT: In reference to the last price drop. Reading Clocks post, yeah ATP reduced the multi a bit a last time.)
As far as the multi add-on.....I think ATP is just trying to compete with other low-time low-dollar multi add-on companies. The guys flying old beat up Travelairs on our field charge very little, but you get very little flight time. You don't even fully shut down an engine until your checkride! At least with ATP you get 4 hours in the plane, unlimited sim, and use of the plane for the checkride. And the plane you take doesn't leak out a quart of oil per hour, with the engines not running! You may scoff, but it is obvious people are more price driven than anything because those Travelairs fly every single day, most of the day. So their cheap program is working, and also taking a cut of the business. In this market, ATP has to compete.
I agree though, it should take more time. For the most part, people are still doing the 10 hour program. I have had alot of people make it throught he 4 hour deal, but they usually have previous multi experience or alot of hours.