I have almost 130K miles on United and already have my 2009 status set, this year.

Would I be better off (money wise) using these miles for 2 round trips to Europe and one domestic flight rather than ONE trip to Asia or somewhere more exotic than Europe?

It would seem to me that I would get more money/bang for my buck that way - what do the Frequent Fliers here usually do with their miles? Do you save for one big splashout somewhere you've never been, or do you just use it for domestic vacations, etc.

This is probably more rhetorical than anything - I've vacationed in Europe about 30 times, I've never been to Japan/China etc... - but I am already daydreaming about my next several European trips...

Thanks!