Two "V" class bookings 5-8 June 2011 and interesting outcomes. As a LH SEN I have had my share of op-ups on long hauls.
LH752 (HYD-FRA) was overbooked I was informed. Prior to check-in they indeed verified my status and confirmed that "V" is not upgradable. At check-in they offered upgrade for miles which I declined. At boarding at least 2 (if not more) were upgraded to Business cabin - one of them flying for the first time (guess: not a Y or B fare). Thought the new policy is in place.
LH764 (MUC-BOM) was overbooked and they sought two volunteers against 600 Euro compensation for arrival 12 hours later. As I boarded, the machine beeped and I got the new business class seat.