There is no question that HGVC points get the most bang for the buck when used for TS reservations. However, being a self employed individual, I can only afford to take so much time off from work. I never would have taken vacations without timesharing. We will be going on our third cruise paid with HGVC points towards the end of April 2010. Since I have already paid the MFs and the points and really do not want to spend anymore, I find the exchange to my benefit. Then again, we will be at the Crane in October-November 2010 on an RCI exchange. Given my personal life style, it all depends upon what we want to do during our precious vacation time. So, my personal advice is do whatever makes you happy while you still have the health and strength to enjoy life a little.