Yesterday handed over my WHSmith clubcard for points to be added and was informed it's all changing and handed a leaflet on changes.
Basically, it goes that the card is now defunked, you join an e-club, you will recieve money off vouchers rather than points via a monthly e-mail.
You can redeem points until 29.02.08, after that date you loose any unused points.
Points on cards which have not been used for more than 18 months are automatically removed.
Thought this may be useful information to others as I wasn't aware of any changes (and I work next door to a WHSmiths!) and so now intend to use up my points pronto!