I have a similar question. My miles of 13,000+ expire in May 2012. Presently my passport is only good until late Feb. 2012, which means that I cannot travel until it is renewed next year. My info is that a passport has to be valid for at least 6 months in order to be admitted to the country in question. Passport renewal has at one time taken four months for me!!!
I just missed a chance of a hotel stay abroad and did not credit it to Asia miles.

I have looked through their retail partners, which all seems to be located in Hong Kong or Macao.
Provided I cannot take a flight to Hong Kong before May because of passport issues, what possibilities are there for somebody living in the U.S.?
There is always points.com, I guess. Will a small miles transfer from another airline qualify?
Thanks for any insights.
Hakluyt