My experience as a P1 flying F on QF36 to MEL last weekend very similar to those posted above -- so nothing has changed and no sign of any change coming either.
Had checked in at the premium early check-in lounge and went first to the BA lounge where I was the only pax for over an hour. Pure bliss, with good beverage selection and all self-pour (albeit just the one in my case). Food was good except the satays were surprisingly really ordinary and no peanut sauce. EK lounge shut between 15:30 and 17:30 otherwise I'd have eaten there instead.
Moved to the QF lounge mainly just to see how I'd be treated as P1 / F flyer. Didn't have a QF First folder so had my P1 card as well as BP on hand as I entered the QF lounge.
Escorted in, asked if I wanted to eat or use the showers first. I chose just to sit. Taken to the reserved section "by the window". Was warned the lounge was already crowded and transit pax yet to arrive. Also warned there were no boarding calls (I don't understand why they can't do the QF flights - they end up calling for stray pax anyway). Told my gate number and approx walking time. No offer to be escorted to gate at boarding time (though the couple who sat next to me 5 minutes later did get that offer). No other services offered.
Of course the reserved space isn't really by a window as one would expect. It is very exposed with too much passing traffic as people look for a seat. It was initially 'protected' but as soon as someone sat down the reserved sign was removed. If that person/couple then left, the reserved sign was not replaced and other pax - not unreasonably - just sat there. No inclination of the staff to move them on. Lounge was packed. I didn't put my bag on the seat opposite me and, not surprisingly, someone came and sat there with a half-query if they could.
Table service from Faith was great. Champagne offered (declined) but she got a caipirinha for me. Several offers of food. I did have the basil pork stir fry which was nice.
Left a bit early. Got to gate and through security in good time, sat for two minutes and boarded pretty much as soon as it was called. F cabin already half full. The 'escorted' pax arrived about 10 minutes later.
As expected. lounge was a bit of a zoo. but within the QF-inflicted constraints the staff did their best to provide some level of premium service.
As stated by others, they definitely need a bigger, separate (or at least cordoned-off) access controlled space for F pax (and CLs / P1s at least, in my opinion). Otherwise it's all very average for a F experience. I will stay away in future.
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