Can't say I'm happy about this... But it may not be a horrible thing if done correctly. They could follow in Apple's footsteps with a bit of rebranding. Get rid of the "S" and "Note" naming schemes but keep the numbers as they would normally be as to not confuse the public. For example, They should release 2 phones in March of next year: Call them the Galaxy 11, and the Galaxy 11 Plus. Then, 2 months later, the Galaxy 11 Pro (for professionals). The Pro would be the s-pen device. They could announce all 3 at the same time, but the 2 month release difference would give current Note users some time to adjust. Then, in 2021, They could release all three Galaxy 12's at the same time.
The Galaxy 11 would be for people who like the functionality of Galaxy phones but in a smaller package (i.e. my ex gf). Price Point: $700
The Galaxy 11 Plus would be for people who like bigger screen phones and bigger batteries. Maybe throw an extra feature or two on this device to justify the price difference. Price Point: $950
The Galaxy 11 Pro would be geared toward business professionals and creators. Throw in some extra RAM to accomodate S-Pen features. Price Point : $1100