I reckon this is a very clever move by Virgin.
They can now compete with the " Rat " on every level.
The full service part will be quite popular with many and still leave plenty of the LCC part to Tiger which will satisfy many travellers as well.
This is all good for Virgin and the travelling Public.
I bet QF rue the day John Borghetti left them and joined Virgin.
It's good to see some proper competition on all levels.