I did the quick math for the current year. Not representative, of course, but: This year, based on the news system, I would've gotten 1300 P/QP (I only flew LH, LX, EW and LO metal), or 65% of a Senator.
I actually got 79500 Statusmiles (without any specials such as Winter Flytime, 2HY22 or Double Status Miles) or just under 80% of the status. Considering I only had a single intercontinental RT to GRU (a F promo for under 3k ex CDG bought in December of last year), it actually "feels" reasonable.
I also like the simplicity - no more P, C, D or J class optimization strategies... 4xbiz to GRU RT (2 via Lisbon) and I've practically bagged the SEN for a decent budget... if only for a year, but I fly every year, so I don't care (yet).
EDIT: And I'll be just about 2 years away from lifetime FTL