To be honest, that would be an improvement, a fairly major one too.

The normal Hotel FastPass (not the VIP one) used to be like a standard FastPass ticket, it allowed you to bypass the queue of an attraction of your choice (providing that had a FastPass queue) once per day.
You handed in the ticket when you wanted to use it. There was no set return time, although it was not valid between 13:00 and 16:00, as that is the busiest time in the parks. You got 1 per person, per night of your stay.
A VIP Ticket worked all day, for all FP based attractions, as many times as you wanted, one per person.
If the Hotel FP now allows you to do basically the same as the VIP FP, but for 1 attraction that is quite an improvement over the old version.
By the way, I did check both the Dutch and UK version of the site, the information for the Hotel FPs is still the same as it always was, describing the rules as I mentioned them.
So if this is a change that was made, then that makes Hotel FPs a lot more attractive, unlimited Ratatouille rides per day for instance.

They really need to update the sites to reflect that change if it's correct.