Shamen,
As you say, a few years ago everyone seemed to be busting their b***s to get into VS, and I was one of them.
However, post 9/11 it all went pear shaped and I have moved on. One of the things that worried me is Virgins vulnerability to trans atlantic traffic. I think they still have something like 50% of their routes going West from the UK and a hiccup there could still cause major or even terminal problems. I hope not, but it is something to consider. Of course, it depends on where you are at the moment! Commands are quick at Dragonair and Emirates!
Good luck.