We are booked in Business for an upcoming trip and have requested to WL for First. Unfortunately the "your Bookings" on the QF web site shows:
Note: An upgrade to Business is requested. Status of upgrade will be shown 5 hours before departure.
After calling to check if the upgrade request was actually for First instead of Business (as indicated above), the friendly QF phone agent said "were having all sorts of problems with the web this week - its even telling people things we never imagined we could do..."