Chase went out and head-hunted some Amex VPs and handed Amex a loss of market share over the last yr+. Now, all have gone to higher spend requirements to help pay down the acquisition costs. Amex still throws out a 75K bone once in a while because they dont know what else to do to compliment Chase's extended portfolio that now reaches far and wide.
What we can all hope for is that both Amex and Chase extend their partner aggreements and increase the point transfer incentives.
And it sure would be nice when/if they take down all that stupid "you're in" wallpaper bannering that covers ever square inch of some airport terminals.

Sure would rather they can take all that banner marketing expense and put it into partner programs and new big sign up bonuses in 2013.