You're right mcnul73, the whole P1 thing is quite ridiculous imho.
People that fly that much on QF metal (and probably in premium cabins) are crazy not to start crediting to another (say AA) program and reap the (significant) rewards.
re: "oneworld" award (140K/280K/420K) Planning - The Definitive Thread
This is not always the case. At times if a 2 class flight and on a 280k J award you will get seated in the F cabin. Not always but it happens semi regularly.