Well I have each year since Diamond was launched and I am not an RA...
I just think that the value of my 40 nights should be taken into account and they're not really - this isn't a DYKWIA thing... it's just that 40 cheap nights is likely less profitable to IHG vs. 120k+ EQPs but the rewards are arguably greater for the traveller...
I also understand that they are probably trying to not over-reward meeting planners / bookers who can easily earn that many EQPs without staying very much...