It truly is a scandal that FT doesn't have a dedicated Iberia FFP forum...
More facts and figures on what we could be benefitting from here:
http://flyertalk.com/forum/showthread.php?t=651218
I point this out as it's good to realise that unused IB points expire in 4 years.
And don't forget the part that 90% of IB plus points are redeemed on IB flights.