Most answers seem to focus on WDW stays with a couple opting for cruises also, but if money were no object then the more inefficient uses of points would be great way to use points. After all money is no object. So I'm think one ABD vacation a year would be an excellent thing to do. Currently the most expensive is 840 pts. - so that's 1680 pts. Then I'd like a BLT 1 BR LV for two weeks a year, but not the same time of year. The two highest weeks are 384 and 296 pts. So in total I'd get about 2400 pts.
You make a good point. I would want as many points as need to be able to do any vacation type that was available to me.