These recent terms are very interesting. A few days ago I was set on cancelling the card, as I primarily valued: 1) flight points 2) companion ticket 3) 15% discount. The $200 incidentals credit wasn't that useful as with status I rarely paid any fees. Not an AA flyer either.
Now that the $250 is good on airfares, and each AU gets PP Select with guest privileges (for $50!), that changes the equation quite a bit. However, it will probably go from my only card to one I keep around for the benefits but rarely use.