I think I did get a soft drop, my original account with them has dropped to Club Smart - but they had a thing where you could nominate another account to get a complimentary "Club Executive" status, and my 'twin' with the same name and slightly different email address got that just before my Club Executive was due to expire the first time. _That_ one has now dropped to Club Premium - which isn't much use either.I've checked and my status has dropped back down to Club Smart (no soft drop for ITA!)
I can't think when I'll be flying on ITA metal, but at least the card is another one to add to the pile of old status cards.