According to the BA Board, BA/QF lounges are due to open in T3 in 2009:
Originally Posted by
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BA will run the business class lounge (Galleries Club) and Qantas will run the First lounge.
The BA Barcelona, Helsinki, Lisbon, Madrid and Nice flights are due to move from T1 to T3 on 27 January.
I also seem to recall reading somewhere that AA were planning to revamp their lounges.