I applied for the 60k offer... got it, but wanted the 80k which they wouldn't do unless I provide them with an invitation code... still waiting for one of those to arrive in mail if it ever does.
While I was waiting for points to post I went from being Gold status to Platinum.
I maybe stayed in a IHG property once or twice, usually booked through a third party not direct. And only had 500 points in my account before the 60k credited.
Not sure what good the status will net me, but what the hell.