That would pretty much mean the inverse, better soft product, worse hard product in general. The difference is when you start talking about transcon flights which are 5-6+ hours. In these instances EU airlines (not even to mention Asian/Mid East airlines) offer a much more substantial product, often using long haul or dedicated mid-haul equipment. The only close comparison there would be NYC-SFO/LAX which is a pretty limited.

Personally, I don't really mind flying in Y on 2.5 hour or less flights. To me it's more important to be able to have a nicer product on 5+ hour flights which seem to be suffering from reduced pitch. DL's new 37" excuse is pretty pathetic.