The sting in the tail of the PBL announcement was that it was dependent upon Betfair getting an Australian licence. Hopefully the Northern Territory will have the "Kenchar's you-know-whatsits" to licence Betfair - I can't see the eastern states sacrificing their cash-cow.
Personally I would like to see Betfair as the major Australian Betting Exchange. I can't prove it but I think a lot of the "overs" we get on Australian races are due to under-informed UK/Overseas wagers.
Would any of our regular Betfair users agree?