SR and Qualiflier partners don't look at their Alliance as a failure.
SR (the airline business part of the SR Holding) has to endure another major financial loss of Sabena and also of their 3 french allies (daughter companies).
And yes, SR is in talks with BA (and oneworld), but not exclusively. Their are actually other parrallel talks with Lufthansa too ...
Two weeks ago, all CEO's of all Qualiflier members met and gave Mr. Moritz Suter (founder of Crossair and, since late jan-2001, now CEO of the SR-airline-part) the 'power' to represent all (even TAP, etc) Qualiflier members in his talks with other Alliances.