I'm sort of liking the LHW program. It has its pros and cons. The good hotels are good. We have been upgraded to a junior suite everywhere. The amenities at check-in are nice, though they vary by property. OTOH, we tend to stay for an average of five days wherever we go, and the program is more geared toward people who stay a night or two, then move on. You are given a free breakfast, and some places have an awesome breakfast, whereas others are just a step above a continental breakfast.
The interesting thing about it is that it's not based on number of nights stayed each year, ultimately, so if we don't like the LHW hotels in a city, we stay somewhere else. Really liking that.