I dunno Andrew, yes they had some problems with this but they're working through them and I think this will be a pretty darn good airplane in the future. It performs better than Boeing's 747-400 with respect to fuel useage and the large Asian carriers like Singapore Airlines are plannning on using these in their fleets in the near future. Emeriates Airlines is another big customer for these.
Time will tell, of course, but... Airbus has already had to pay out billions in fines to airlines who ordered the A380 because of the delays:
http://www.encyclopedia.com/doc/1G1-154723592.html
http://www.theregister.co.uk/2006/10/04/another_a380_delay/
http://www.aviationweek.com/aw/generic/sto.../aw111306p2.xml
http://www.reuters.com/article/marketsNews...965279820070309
...and it's only gotten worse in 2007. There have been a number of cancelled ordered, UPS being one of them... and EADS is left with zero orders for the freight version of the A380.
I also think Airbus simply guessed the market wrong. The Boeing Dreamliner is going to clean up, IMHO. People would much rather be able to fly non-stop point to point to regional airports than wait to load up the massive A380, and fly into the few major hubs that can accommodate it, and then wait again to de-plane and hop on a regional jet to take them to their destination city.
Certainly you could argue that the A380 has a market in long-flight overseas travel... and you'd probably be right. Even then, few airports are equipped to handle it.
The A380, despite the delays and woes, is a nice bit of engineering... but I think it will end up being a misguided one. It'll sell for niche use for certain long-haul routes, and it'll sell to billionaires who want to travel with their entire entourage... but I think the Dreamliner will end up being seen by history as the better decision.