Here is what I have seen and why-
Awlgrip bubbles-
Awlgrip below the waterline, or a winter cover shrink wrapped was left on the boat all summer long without vents.
Awlgrip becomes dull after time-
Owner used blue tarp to cover his boat during the winter all the way down to the waterline... then when the shine was lost decided wax and rubbing compound would bring it back... when that didn't work, tried poli-glow... (This occasion happens to be our Ericson 32, at least I can't be blammed for this though
)
Awlgrip became chalky-
Owner decided 2 coats of heavy duty 3M wax was appropriate to apply ever year. (Don't use wax on awlgrip.... it isn't needed.)
Other things to watch out for... don't paint the name of the boat on with awlgrip. The PO on my J.24 did this and the only way to remove the name then was to sand it off with wet/dry paper. I was able to buff it back out, but not to a shine that matches the rest of the dark blue hull. On the positive side though, the finish on this boat is probably over 10 years now and it looks great and shines like a new boat.
From time to time on recomendation of other J owners, I did use teflon polish by starbrite on the hull... they say it won't hurt the hull like everything else will and actually helps protect it. Well awlgrip's website says teflon acrylic polish will void the warranty... so that can't be good either. They do sell something called AWLCARE if you want to do anything to your boat. I've seen people though who haven't touched their hull since new and it still looks VERY good 5 years later. If the 32 ever gets painted again, and from now on with the J, I am just using soap and water and making sure to rinse it with lots of water.
Hope this helps...