Just to clarify, the gentleman definitely said spell POINT pool. As to whether or not he was lying-who knows? I can't think of why he would, unless he thought I was going to go nuts and beg him for details. He didn't seem to be a 4E/WOTC hater. I got the impression that he was genuinely disappointed in the direction that 4E is taking the game.
As far as "quitting because it wasn't fun" goes, makes sense to me. I mean, back when 3.0 came out I was single and had lots of time to game, as did my group. Now that I'm married my gaming time is limited to once a week and I could definitely see my group saying, "Ugh, 4E sucks. It's cool that we're playtesters and all, but since we can only game 4 hours a week let's play something that we actually like."
Anyway, just passing on something I heard and, as I said in the initial post, take it with a grain of salt.