Thanks for that tip. QF is not my preferred FF program by any means but with some of the great CC signon offers recently have found it hard not to take the points (I've got 162K last year, only 6K from flying, and my wife 120K). Using however is harder, so have been looking hard for the value options!!QFF points appear to be great value when used on partner airlines intra-Asia.
Other than that I tend to agree they are not worth very much.