As long as they don't mess with awards as they currently stand, or go a step better and truly offer a lower redeeming rate (lower than now, NOT the old trick of raising prices to lower prices)...I can't see much negative with this, as long as people know what they're buying up front. I'm going to assume that my 1Kness gets me 3 bags and my preboarding.

For the right amount of savings, I'll take an even-numbered middle J seat to save a bunch of miles or cash. I agree, Polaris Lounges are a far cry from what they used to be--and I can eat like a king in the terminal if it's only a 10% savings on a $5000 ticket (regardless of UC access).