We also got our full package a few weeks ago. We can log on to the II site but we cannot do any exchanges because our points don't start until 2009 (even though we are paid up in full for our basic membership).

So far, things are making sense. I'm assuming that in 2009, once we pay our annual fee, we will be able to do exchanges on the II site.

Can't wait to check in at Reef Village for our first stay on 11/23. Less than 2 weeks now!!