My recent flight SYD-PER on QF 575 had the upgraded business. Very nice finishes and seat for a transcon business. Similar to forward facing 1-2-1 business NA to Europe, though pitch is a bit tight. Amount of space feels similar to A321T first on AA transcon, but in 1-2-1 on a wide body.
Wasn't sure if I'd get the new business, and glad I could try it!