Unfortunately, with this plan, the Streetcar plans to charge more, MUCH more for a pass product. Currently the annual pass is $100 (or $8.33 month), the proposed pass will cost up to $45 a month. While it is a far cry from TriMets $81 pass that just increased double the usual price at fare increase time, for those in the NW or S Waterfront areas, it will be quite a jab in the wallet.
With all this, there is hope that better fare enforcement is coming, but there are no plans as of yet. Read Michaels entire entry, including the fare details on his site, Portland Afoot.