P1 has been useful when flying long haul Y. It is not so much the greeting but the offer of a decent glass of wine or two, from J, a cheese plate or the offer of J headphones or even pyjamas. The free exit row or extra legroom seats is the main tangible concrete benefit for me...........
....the problem is when there is no glass of wine or headset then I may as well pay the extra for SQ Y extra legroom seats, which all up is less than or equal too the price I typically pay for QF, and enjoy what is, quite frankly, a superior Y product.
My re-qualification date is the end of July and this year I will hit 3600 SC''s exactly. Based on the level of service I received on QF129 yesterday I wont be rushing to book with QF in the future.
The other problem QF has and Trippin_the_Rift has mentioned it a bit here is that QF has no real way of tracking intent or actual actions of FF's looking to move elsewhere. Since the end of December I have accumulated 2290 TP's with BA and will hit GGL in October - unless things go horribly wrong!! When I drop of the P1 perch in August 2016 I suspect QF will not even notice.
It is sad really, because on their Day the QF crews can be up there with the best of them, but simpler and fairer coupled with inconsistent service when good service is most needed by me, is driving me away from QF. (I am an odd case because I'm non too concerned about the service levels I receive in J or F...but man alive I do like decent service on the occasions I am in Y.)
...as for BA their service has been, not unexpectedly, dire so far but the tangible benefits of GGL+ make it worthwhile for the travel patterns I have.
Having said all of that I will miss many aspects of QF as simpler and fairer impacts my travel completely.