Over the last few years I have really enjoyed Flyertalk.

For most of this time I have felt that frequent flyer programs have been in the positive side of their life cycle. I have always noticed exicitment and new ideas on most Flyertalk posts.

However, over the last few months I have noticed a marked change in these programs and a marked change in the overall mood of Flyertalk.

I definitely feel that frequent flyer programs have peaked and now, in one way or another, are on their way out.

Question? Do you feel frequent flyer programs peaked?