I've started to realize that I need to be working toward a goal. I guess my goal right now is really to try and get to Europe this summer. I'm pretty flexible on where we fly into, b/c we are planning on backpacking around and visiting a lot of countries once there.

We, my wife and I, are going to be getting 100,000MR points each from Amex.
Also, we will be getting 40,000 each on Us Air.

We already have (this is update from OP, I was going of memory then):
Me
AA 66,000
Delta 58,700
United 12,400

Wife
Delta 35,000

Any suggestions on the best options for a trip to Europe? I'm not real sure on the best way to use those 100k MR points we will be getting.