We can complain all we want about the devaluation of FF miles and how difficult it is at times to redeem the miles but can you imagine what life would be without FF miles? Both for us as flyers and for the airlines? The fact remains that we are getting something of value for doing something that we were going to do anyway and to me. paying $1200 to get a business class seat that would otherwise cost over $5000 for a trip to Asia is real value.