BS, PC points have devaluated very little in the past decade, in fact for those of us long timers, they've significantly improved. The introduction of PointBreaks made points more valuable. That some HIs in some major cities went to 25K and ICs in similar world markets to 40K does not represent a major devaluation of the program. The vast majority of properties remained at their same levels. I dare say an IC in Minneapolis is not valued at the same level as one in London or NYC, so why should the two cost the same number of points? (This only brought PC redemptions into a more appropriately scaled context, like other programs that rate properties by location and quality of the brand like SPG, Hyatt and other programs, and not universally across a brand as PC used to.)

This is certainly nowhere near the devaluation that has occurred with HHonors or SPG of late, and as noted there are no better values than offered by Point Breaks.

Not to mention, as examples here have shown, PC is the easiest program around in which to earn elite status...probably too easy for Platinum. I for one would not permit purchase points, credit card earned points or even promotional bonus points to count towards elite status. If anything, it is the ease at earning PC points that offsets any redemption increases and still puts it at the head of the pack for points accumulation and redemption value. (Oh and did I mention points+$ awards which permit the purchase of points at a significant discount over normal purchase pricing?)