Is AA going to mAAtch UA and DL with complimentary upgrades for all elite members? If not, then this is worse than UA or DL. UA and DL upgrade all elites based on status and fare paid.
For earnings, just buy an -UP fare. You will earn more than if you actually tried to use a 500-mile upgrade as you will have "spent" more!
High spenders, enjoy the beef with lobster macaroni and cheese or the eggplant parmesan. American will be glad you are here, just like their safety video signs off with. Low spenders, enjoy the BOB in the back. American won't be glad that you are here. You won't be spending enough..........