Don't think this has been reported here yet. The fact that these are
not going to be CPQPs is IMO a bad bad omen.
"*Effective January 5, 2012, Chase Sapphire, Ink and Bold Customers will be able to redeem their Ultimate Rewards points for Rapid Rewards Points. Point transfers via Ultimate Rewards are not eligible for status, including A-List, A-List Preferred, or Companion Pass Status. Ultimate Rewards points will be converted to Rapid Rewards Points on a 1:1 ratio."
http://www.southwest.com/rapidreward...view-and-rules