All that exist at the moment are rumours. Although I think your choice of airlines for WINGS is a bit off:
Singapore and SAA are joining Star.
It is almost certain Delta will pull away from Swissair.
But I can't see Delta and Continental getting into bed together.
So that leaves you with Continental, looking for a European partner (and Delta out in the cold). They have a choice of Air France, KLM/Northwest or Alitalia (none of them significant players.
And no Asian parter.
It doesn't really work, and there are no really good fits. Perhaps that is why it has been rumoured for over a year, but nothing is happening?
Now how about, Atlantic Excellence disintegrating a bit more, and leaving Continental free to join Qualiflyer?

Nick