Perhaps it finally is the time for me to get around to having a go at the Aegean program. Trouble is, if you're mostly moving around central Europe, the German speaking parts anyway, you need M&M. I find the FTL benefits on my DACH perambulations add up for me.
Otherwise, I'm a pretty happy camper over at Flying Blue. I like the consistency of Sky Priority and benefits across all partners. Skyteam is, for me, a real working alliance.
If these increases are now the only devaluations we see for a reasonable stretch of time, and it doesn't become well nigh impossible to secure award seats, then I'm happy with them (in the place of something worse, such as dynamic pricing).