Between Mrs. xooz and myself we now have about 750K, down from 1M. Normally I accrue about 500-600K per year, and use about the same amount, including giving hotel nights as Christmas gifts.
I haven't cashed in much this year due to the devaluation jacking up points for short stays in big cities. Have moved some point collection to Carlson and Starwood, and have had several stays at Carlson properties due to the extra free night they give you if you have the credit card. Would like to spend a few nights on Prague later this year, since that is still a good deal (IMHO).