Thank you for all the helpful feedback. It did not seem like an amazing deal (which is why I did not accept it) and I knew once I got to the fine print it would become even worse but I did not know all the other good points people have added here.

linsj - This is very helpful information. To me, $1,000 seems like a really good deal for 3+ weeks of vacation at what I can only assume are nice properties. I'll have to look into it.

Thanks all, continued confirmation in the immense value of shared information on flyertalk!