Archie,
You wrote:
"The alternative would be for the club not to accept Hard Rock's generous ncv chip offer in the future.... which I don't think is a realistic alternative."

Based on how the Hard Rock treats collectors now (see Sammy) and has in the past (most of the $25 releases) I think it only right that the club DOES refuse their 'generous' offer in the future.
I've posted my feelings on this subject on the club message board if you'd like to check it out.