Wow, that was close - I have to strongly agree with the "much less attractive" sentiment and will avoid.
Shockingly, there are six of them "valued" on the auction at $2,400 and several bidders, all of whom I'm sure think they are purchasing SkyMiles. I've strongly recommended some clarification on the descriptions, hopefully they'll do that. I'm reasonably astute in this area and I missed the distinction after several readings so I can guarantee others have too.
Once again, FlyerTalk rocks -- thanks to all for your thoughtful, helpful insights, you helped save me today from what would have been my "biggest travel fail".