I'm not sure of the quantities of each but you get a few coupons when you hit select. I believe they were:
-1 class upgrade
-10% off ticket or day pass to club acela

Aside from the points, the other benefit is a number for rewards redemptions that's supposed to pick up faster.

So there's monetary value in those, but I don't know if you can say it's worth $200+. I don't think the 10% coupon applies to the $49 fares.

If you're not planning on many trips next year to build extra points, I'm not sure how much value you'd be getting out of the status.