DEFO = UFO= Freight CoS
From recent history I suspect that there will no longer be differentiation between freight and (based)pax FOs next year. Those lucky enough to join by Dec 31st this year will be on about 30% more than those joining from Jan 1st - but remember, this isn't a C scale, its a Unified scale.
FYI. 2007 - pax FO Australia gets $118K (+HDP + 15.5%PF). Freighter FO gets about $92K.
2008 pax/freighter FO on UFO scale will get about $92-94K and probably the ability to work till 65 to make up for the income shortfall and extended time to command so there is a silver lining;-/
For the US - I think UFO should be around $72-74K vs current $62-64K for freighter FO and $100K+ for pax FO. So not quite as bad as the Aussie deal.
For Aussie pilots have a good look at QF, Virgin Blue domestic, Jetstar and EK as options. Depends on whether you want career+money or live in HKG eventually!