Question becomes which routes will they try to shift to UO and which to CX. For me, RGN, DAC, HAN and potentially KTM the key ones. Okay, HAN is a short hop. But the overnight return flights from RGN, DAC and KTM weren't exactly great on KA (in Y). If they go to UO without UO upping its game then I'll need to look at alternatives - and in doing so could well jeopardise my Marco Polo status (as I typically have a mix of CX and KA and an occasional trip on other OneWorld). If MarcoPolo status is lost, then there's little-to-no point in paying extra $ for CX - and I'd need a different airline/ programme to consolidate everything with.
And another thought - apologies if answered elsewhere but can't find it - doesn't look like UO gets you any MarcoPolo points?