Mr. Pickles speculates that there could bel MegaDO competitors relatively soon based on this new membership scheme.

I kind of tend to agree. If a 'real' charter company with overhead and resources in place looked at the market for what amounts to $3000-$5000 (membership fee plus megado fee) seats on a charter flight...well....how hard would it be for a company like that to create a charter catering to points and miles hoarders? (that is a sincere rather than a rhetorical question...I honestly don't know the answer)