Yah.. the FTPs are kind of useless unless you're pounding out a decent volume on the cash tables.
I've used mine in the past for clothing, lol.
If you've got 500 of them, Fulltilt usually runs a Daily 500pt MTT super satellite to the Sun.$750K (at 20:58 each day.. but I don't think it's running right now while FTOPS sats. are happening). With a 500pt. entry fee, 1 in 5 wins 2,500FTP's (entry to the 2,500FTP satellite to the Sun$750K which you can then 'unregister' from, take the 2500 and enter stuff like the 650FTP sng).
All the other FTP tourneys seem like such a longshot. 50FTP to the Daily$1 sounds okay.
Either that or just save up for a hat. The Fulltilt hats are far nicer than the Pokerstars
ones (the 'newer' stars ones that is...they'd discontinued the one I wanted... sigh... .sent me some little beanie that barely fits my cat's head).