I think I worked out a while ago that there were only six CDs (potentially) worth getting, since only six writers were participating in the programme (Eric Flint, John Ringo, David Drake, David Weber, Mercedes Lackey and Lois McMaster Bujold), and the later ones superceded the earlier ones.
I also decided to stop using the bundle chains after the first two. You're only meant to use 1 code per account. They clearly don't police it very much, but I figured I was getting plenty of free stuff from them already. I've been reading Baen ebooks since back in the mists of time when I had a Palm (late 90s?) and have only ever paid them $21 for ebooks, all of it this year.
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