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personally I spend my points on DLC for games I have and like and I know I'll play more than once ( so most of the time online related DLC) some for XBL arcade, like sonic and other games I like (try the demos and buy the one you like, check out the online possibilities than stuff can add up a lot to a game value)
and most of my expanse are on HD movies, I don't have to wait 24 hours or buy a BR so I can put it in my BR player if you see what I mean fine with me even if it's more expansive than renting I still watch more movies through XBL than with my netflix plan... hopefully we'll hear about a deal soon and have something common to both. it's actually the only reason I'm keeping my netflix account alive