Club Nintendo in North America is still on schedule to launch before the end of 2008.
It will be more like the Japanese program than the European, in that there will be more physical products than digital.
As is the case in Europe, you gain points (known as gold coins in the U.S.) by purchasing a product and entering a code on the Club Nintendo site, and can reap further points by completing surveys on the product you bought. In Europe, it's worth mentioning that these are hardly time-consuming: just five or six questions with tickboxes.
Unlike in Europe, you can gain points for indicating an interest in purchasing before buying.
Some items from the Japanese service will make it to North America
Phahtrox: For those who don't know, Club Nintendo has been around forever in other countries, but the US. This is very big news, I just don't understand way it's not on other sites.