The good news ? Free Club memberships.
The bad news ? You need to fly 150k miles....or 150 segments...
I pity the guy/gal that flies 149,000 miles this year. 49k miles will not roll over...and you won't even get a club membership out of it.
No reduced $$$ rate for CP's....and no ability to cash in miles for membership.
I echo the sentiments expressed earlier.