Also noted that the certificates require you to travel by June 10 2010, which might be difficult to plan, depending of course on your particular plans. The 5 500 mile upgrades wouldn't be enough to go from SFO across the country and back, as that usually requires 15,000 each way.
I guess for us the one that would make most sense would be the 22,500 bonus miles that we could then use in amounts as needed, especially if thats per person.

Just MHO :) As to whether or not its a fair compensation, hmmmmmm not sure. I'm sure it must have been miserable. Did they offer to move you back to the other business class section? Or was the flight full?