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I would have thought that Finnair was doing pretty well out of oneworld, given the RTW and European destinations that it offers.

The JSA between Qantas and British Airways commenced in 1995, covering all flying by the two airlines between Australia and Europe.
Personally, I can’t see it being scrapped just yet as my understanding is that the JSA is up for renewal in 2009. They would have to weight up the financial penalties for ceasing the Agreement early, versus the benefits of not having the agreement in place.

Then again, perhaps it’s one of the enhancements that QF are going to announce to us soon…