As long as the world is sending more than two or so 747 equivalents along the same routes daily in 2006, with load factors in the 90s, I'd imagine it would.
Unfortunately... Two or so 747 equivalents vs. one A-380: Two times more Cockpit-Jobs!
Can't see why people start drooling about A-380. I would have prefered rather two or three Sonic-Cruisers than one A-380.