When we discussed it, I didn't envision it affecting the post value...at least not directly. If people are voting on trending posts because they want a piece of the big reward (which mostly doesn't work anyway) then those votes would stop because it would be completely clear there won't by any such rewards. In that case the post values for trending posts might end up lower. If people are voting because they actually believe the post deserves to be rewarded more then it already is then those votes (and the resulting post value) would be unaffected.
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I'm curious to see what happens in practice. I say because as of now, it's unclear why a post gets popular, at least to me.
If people stop voting for trending posts just for the curation rewards it will reduce the post reward for sure as it will probably lead to getting just half of the votes it would normally get. The way steemit works at the moment with the higher the reward for the post the more value each next vote adds, even if the voting power of the user is not that big, we are probably going to be looking at significant reduction in the rewards earned by the top trending posts in the end. That happening may not be a bad thing actually as people's expectation for earning tens of thousands as a reward for a single post should become more realistic, though I'm sure some people won't be happy because they will be earning less with their posts.
But the less they earn (what they "loose") will distributed to all other active posts from dolphins and minnows !!! (Since the steem each day contributed as rewards are the same! same pool for all)
That is why I've said it might not be a bad thing, especially on the long run... at the moment many things on steemit leave the impression that they are not well balanced, and are often at the two extremes. Like some good post getting 10K rewards, for various other reasons besides being good, while other good ones are struggling to get even 1 cent...
If they still vote the system will just inform them that they don't get any more curation rewards but the author still get's the added reward in case of further votes !!! (so the post value would not be unaffected!)
That is in order. I would gladly upvote post of someone doing something valuable like development etc. For me in this case it is not about curing rewards.