Totally agree, I had a high travel job for 15 years, probably 70% of that time i was QF Platinum, I was lifetime gold i guess early 2000's. I retired in 2014 and now i only travel First and Business for holidays, sporting events etc and no longer care at all about points, status etc.
I'm living in Thailand so the fares are more affordable than some locations but basically something I felt was important (status and its benefits) is now totally irrelevant to how i live. I also have a lot of choice so typically travel EK, QR, LX, CX, SQ, QF. I also see great fares on EY so might give them a go at some stage.