People tend to forget that fundamentally speaking CHF is still pretty much overvalued against the Euro. So this floor will work not on the short term but on the long term. If they keep it for more than a year now, I expect the pair will go up slowly. And than they can take the floor out.
If the pair is trading above 1.30 who cares about the 1.20 floor anyway?
If the pair is trading above 1.30 who cares about the 1.20 floor anyway?