Well, it would be tough to reach top level elite in one airline, then get the top level elite in another in the same qualifiying year. You would have to do *lots* of flying.
I could not see myself jumping from AA plat. to United, jsut to get some status on United. Makes no sense. I would go for a long period with no status at all. That would mean long lines, crummy seats with no leg room, etc. Even then, I still woudl not have access to the United Red Carpet Lounge.