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Personally, I think companies and the media are holding their breathe... When havoc comes out and bugs are ironed out so there are no tp problems, rezzing issues, inventory issues, more user friendly interfaces for new folks, better default sounds (that clunky booop sound is so irritatating), and more *reliability*, then I can see other companies joining in with SL, and then we'd probably see the users increasing, once again...
Also , places like the Pond have put together some really nice sims and what not.. They have a club there, a pub, yet there has not been one event there. They are obviously missing the point that live music in SL is one of the biggest drawcards on SL atm...
So for the most part, I think a lot of these 'new users' probably walked around lost crashing a few times, bumped into a few 'rude' IM'ing folks at the outback bar, could not find anything of interest and probably never come back!
Usage of online games and other services rise during the winter months and Australian activity grew through the autumn and winter. Now low and behold the days are warmer and longer and your typical Aussie would rather be out in the sun than sat in front of a whirring, overheating computer.
If you look closely at seasonal variations in other countries you will see similar rather obvious alignment. Expect it to drop and start to pick up again March/April 08.
Then again I think you may have an interest in arguing its seasonal given you rely on business to believe SL is growing.
And until the lag times and abysmal slowness of the whole system in Aus is fixed business has little to gain from being in SL except as an R&D exercise or novelty to generate some mainstream media.
However, I would still expect to see growth in the SL Australian population during this time, simply because the overall population is expanding too.
Needs more research.
Also, my broadband plan is not the fastest nor has the highest download quota - this tends to slow down my SL experience. By the last week of the month, I am barely online as I have run out of quota!
It makes it quite hard for those of us that would like to check them out when they are at un-Godly hours.
The other option is for someone here in Aus to organise one here for "us"...