What I'm NOT worried about:
Given the response from Valuemags and those from Goldpoints, I see no reason to doubt that the orders under the 450 point promotion will be honored. And, if not, I have clear documentation, and this thread itself, which would provide adequate grounds for a dispute/chargeback. The only other legitimate response would be a full refund, which I don't see as a problem, even with the cancellation contract, provided that the promotion is not honored.
My dealings with Valuemags (calls, fax, email) have been excellent. Highly unlikely that this post is a hoax. It is accurate and informative. My surmise is that they are trying to hard to run a legitimate business and will deal in good faith to uphold the promotion and earn the respect of the f.flyer community.
What I am worried about:
Radisson Gold Rewards, not VM, changes the redemption policy, as suggested above. For example, redemption amount/frequency, etc. This would be an inherent, backhanded devaluation. Let's keep an eye out for this. Unlike LatinPass, however, Radisson/Carlson has the financial wherewithal and integrity (hopefully) to make good on their promotion per the current program rules.
JL2