Got an email from Amex that there is a sale on Gift Cards. $50 cards for 4,000 points. (Home depot eGift Certificate is 3,500 for $50)
So for those of you who don't fly and don't want to sell your points I think now is a good time to buy gift cards.
Pottery Barn, Home Depot, Williams Sonoma, West Elm, Crate and Barrel.