The withdrawal of the RedRoo presence here just reaffirms that loyalty is dead as a concept for QF. So much of what the previous RedRoos did was about keeping those who were disaffected, or having issues with flights, "loyal" to QF.
But now it seems to be all about "presence" and "experiences", "privileges" and "rewards" that QF push. My response is that I now look for the best rewards, in terms of price, comfort and routes first, and FF status/points comes last. I earn large swathes of points from CCs and travelling with other OWE airlines internationally, and redeem the points for U class travel on QF domestically. The majority of my spend on airfares, in the order of $15-20K pa, now goes to AY and CX, and probably my AB spend exceeds that on QF. Just occasionally I might do a QF trip to Asia, but that is about all outside OZ.
I feel I am just one small cog, that having realised that QF loyalty is dead, is free to explore possibilities elsewhere. From what I read up thread, I am not alone.