Wait a few weeks/months. It will be back. US has been running deals like this regularly for the past couple of years.
And it's quite possible to score US miles for UNDER 1 cpm. The
Wyndham Rewards Discover America promo was in conjunction with a 25/50/75% bonus from US for cashing in hotel points for US miles (the bonus depended on if you had a US branded credit/debit card and were Preferred elite with them). I scored miles at around .4 CPM (yes, that is not a typo, point four), and I wasn't able to max out bonuses (I have a US branded debit card, but I am not Preferred)- if you did you were getting miles at around .3 CPM.
Next up will likely be Grand Slam 2011, where US will generally have lots of ways to pile up "hits"- including hotel point transfers, hotel stays, car rentals, buying things for cheap in the mall, using points.com, and so on.
I don't have much use for US the airline but I love love love their mileage program. It's ridiculously easy to bulk up your balance for cheap, and if you can stomach fighting through their phone reps not understanding their program rules better than you do, what you can get on *A partner airlines is pretty good- plus US does run mileage sales on their Envoy to Europe in February... 60K for the same hard product as CX J (same seat manufacturer) is not bad.
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