One thought...if you reserve and confirm an award flight to a desirable destination then cancel. Say NZ or Peru. Assuming your going to go sometime, just not sure when.
Then you would have a travel voucher for that destination. This might be a good way to hedge against future increases in mile requirments for that same trip.
edited for typos
[This message has been edited by pierre mclopez (edited Feb 03, 2004).]