For those who can read and understand the German language, here's an article in 'DER SPIEGEL' which pretty much sums it up the way it is and how everybody (outside of LH, that is) sees this oncoming strike:
Arbeitskampf bei der Lufthansa: Premium-Piloten blamieren sich mit Streikposse - SPIEGEL ONLINE - Nachrichten - Wirtschaft
Unfortunately, I cannot see any English translation of this...
Best of luck to all LH pilots - I hope that your speculation works out for you, and for you only!