I am going to spread mine around a bit:

100-200K to Distancia for AA First class to Europe

100-200K to ACES for Air France and/or Contiental First class travel

300-400K to Hilton (600-800K points) for hotels for all these places I will be going!

That leaves 300-500K for LP proper, will use 90K for 2 biz to Rio using the lower-level special rewards chart; other trips will be Kenya (will probably buy on UA to Europe and use KLM freebie from there); Egypt or Oman on TWA or KL; possibly South Africa on KLM (again from Europe only on KLM).

It is amazing how FAST you can burn up a million miles but with friends along and front cabin it is well worth it