Royal already figured out the “only so many” can fit in the lounges - - now there are vouchers. Prior to vouchers we would go to a lounge just for a drink or two — even if the drink was a bottle of water or a Coke. On our last 10 trips we never went into a lounge — unless it was for a morning coffee or for just a quiet place to sit during the day. No happy hour for us. The benefits for Diamond, Diamond + and Pinnacle are far superior on Royal than other lines, IMHO. We enjoy the private breakfast, early on, early off, officer luncheon (which the last few have included filet and lobster) and of course the internet - which use to access my home tv provider. About wearing the pins - I don’t see the need (for me) on embarkation day but I do wear it on the Crown and Anchor day and for the Officer luncheon. DH never wears his — he is just not a jewelry person. For those who wear their pins all the time — good for them. My pin is the most expensive piece of jewelry I own so if I feel like wearing it I will.
I do agree that some Pinnacles and other levels are aging out. I know a number of frequent cruisers who are no longer sailing.