The product is the question, of course. AS has a mixed-bag F product (though they're improving it in like with adding a premium economy section...IIRC their old F seating product was too close to their new Y+ product) while VX blows everyone else out of the water.
If they keep an F product in line with VX for their longer-haul flights I'll be game with that (and I suspect they'll do something like that since otherwise they're going to get blown out on the premium cabin side on the LAX/SFO-NYC routes). If it's their present/old product I'm not game with that...
...but regardless, I don't see myself chasing status with them. The present map just doesn't work for that for me (they're still west coast-based and mileage-oriented...and I cannot see traveling 40k/yr with them or 50k/yr with them+DL). In an ideal world they'll expand their cross-honoring with DL to include VS and I'll be able to leverage VS status along those lines.
By the way, I was talking with bayhouse and another friend...and I think there's a good case for them to keep a split fleet even if they rejigger the makeup of the fleet: 40 inbound planes already ordered and in the roster is nothing to sneeze at, and there's been enough speculation about a B6/AS/VX tie-up that I could see that as part of the long-term plan (even if B6/AS would likely be a straight merger instead of a takeover).