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Apparently the Amex gives you lifetime shoprunner as long as you keep the amex as your primary card for shoprunner. I'll see if I can dig up the link stating this.
I am using it right now. Have since before the holidays. Not that great in that you do not always get what you ordered in 2 days. It might take Newegg 3 days just to process the order and if you throw a holiday in the mix, your two day shipping turns into 6 days at best. Hey, but it is free so what the heck. I have used it at least 6 times in the last month and I always get my stuff, just not as soon as I should. You should realize that this is just a FREE TRIAL OFFER. Whereas Newegg want you to provide a CC number for their free shipping that enrolls you into their whatever it is called program that you have to quit at 30 days of be charged, this one does not automatically hit you for a monthly charge AFAIK. I am still within my 30 day initial trial so I will see what happens.
Shop Runner will hound you to death with emails about what you bought, how you line it, what are your comments, do you want to add a review, etc etc etc....
I just signed up for shoprunner through my amex so I could take advantage of some free shipping a couple days ago. I just checked the expiration and it says N/A. So I'm not sure if it no longer expires through amex, or they are just really slow in putting an expiration date.