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Disagree, the current Vantage XL business seats are perfectly competitive. ANA are not flying 777s / The Room on a short route like Australia any time soon (and they're not even reconfiguring more 777s to The Room anyhow), and I would argue that the current Qantas seat is better than the ANA 787 seat or JAL Sky Suite III. Only JAL Apex Suites is better imo.There is probably a good chance that they make some adjustments in J. Thinking about the competitors on similar routes JAL, ANA and HA. They are all launching newer products. It really depends on what angle Qantas are taking to remain competitive.
Then again they might just get the government to block the competition.
What Qantas does need to do is step up the soft product, and install things like WiFi for international use.