While I sympathize with AC SEs who now want in at WS, your demands for status matches and benefits that don't even exist for long time WS fliers are pretty audacious! WS doesn't have lounges (though offers a deal with Plaza Premium) so if you want lounge access for every trip, buy a Priority Pass or get the regular AmexPlatinum card for the Plaza Premium and Chinook lounges. As for upgrades, it's not like the seats in front on WS are anywhere close to the product AC offers in J...forget about meals and decent wines. Not to knock WS's product...it is what it is and what it is intended to be: a more roomy seat with a couple of free drinks to keep the premium CX, AF, BA feeder traffic happy.
When it comes to a FF program, the "enhancements" you'd want would cost WS too much money and undermine their business plan in this realm. You're not going to get F seats on AF or BA from a WS FF program.
WS has a good product for what it is, and it appeals to a large portion of the Canadian public. But I am not sure it will satisfy many SEs.