Thanks everyone, interesting reading. Though I hardly think eliminating "the last seat" renders everyone's points worthless. I could see a doubling or tripling or more of international awards (as BA did) qualifying for such a statement, though it would still be hyperbole in that case.
I wonder if DL will add a new tier, analogous to AC's ClassicPlus. That gives the last seat to everyone, but instead of being twice the points it's a variable amount that seems to end up being 2c/pt (so 500K for a $10K Business Class ticket to AU).
=aw