I renewed with cash early (good through Nov 2010). I am mostly a domestic flyer (will take my first international trip later this year) and fly a decent amount thru PDX, SEA, SFO, LAX, and IAD. IMO, the lounges on the West Coast (with the exception of LAX) are worth spending the money on.

I will wait to see if CO's PC get reciprocal access to RCC. If that happens, I might get a PC membership instead thru CO's card with Chase that has PC membership ($375 fee).