So I have worked out that QF will end up with more WP members as a result of the generally increased earning of SC however, the benefits of being WP are rapidly being dimished through the dis-incentive to upgrade. Couple with that an increased number of WP's fighting for what little seats exist I will either have to change my surname to appear earlier in the alphabet or look to another reward program.
With no ability to upgrade red-e fares, DJ, $5 for the blue room and taking the best fare of the day has become far more attractive.