I see exclusive language here often enough to wince at it. Part of it isn't specific to FT, it's specific to the English demographic that appears to contribute the bulk of the BAEC FT population, which makes our Mitt Romney look like a model of tact and noblesse oblige...but I could do without it. It's way more offputting to newcomers than I think many realize.
That said, as someone who has done the vast bulk of her lifetime travel as a non-status economy passenger, I find the information about premium-class travel/lounges to be the stuff that's hardest to come by through other means.