In 2009 we used one of those codes to get a villa at BCV for cash, and in 2010 we got the same deal, both for November trips. When we got the price for the same 2 bedroom villa for November 2011, without the code, we said "No way!" We bought a resale contract and promptly turned around and used it for a 5 night stay at Boardwalk at the end of August, and 10 nights in November (4 at AKV, 6 at Beach Club).
One thing to consider is that you won't be able to buy a resale contract right now and use it this year to get a week in October at Beach Club. It's quite booked already for F&W, and you would be at least 50-60 days from being able to use your points. You should be able to find another resort to stay at, but just keep this in mind.