Love the vinyl releases, dig the CD exclusives. It boggles the mind just how cheap this fan club is. I'm the millionth person to say it, but U2.com should take a look at Pearl Jam's Ten Club and take notes. There are two tiers-BOTH cheaper than U2.com-and they give you a heck of a lot of stuff. In one year I got the newsletter in the mail (and PDF), a poster, a patch, a sticker, a vinyl single, a live album of my choice and pre-sales.
Every year you get all this (and more), and every year is very different.
The difference is Pearl Jam runs their own club and cares about the fans. U2 foolishly let's Live Nation run everything. Really sad.