Flying thru DEN on New Year's Day my flight was apparently overbooked to the tune of $600 vouchers being offered. I raced over to the gate agent who informed me that because of my status (UA 1P), I moved to the top of the list! The fact that I was flying on an award ticket made no difference, she said, because status has privilege. I'd heard rumor of that before but could never confirm it.
Alas, my seat was not needed.