the 787 hasn't been referred to as the 7E7 by Boeing for at least two years. That smug, and honest, little clip is one I haven't seen before.
yawn.......the 747 is nearing 40 years old. Yeah......its probably a little noisey compared to more modern designs.
Airbus is finally coming around with an all new (cough) design to compete with the 787, but they (Airbus) have been rather arrogant these past few years and deserve a good finger pointing and laughing at

Also, 787 is well past the digital design phase with many major subassemblies having already been manufactured and undergoing load testing. Meanwhile Airbus has lost several critical years worth of time creating the A380, an airplane with very limited use for a niche market.
Time will tell but whatever Airbus comes up with to compete against the 787 will ultimately outsell the A380 by a wide margin, and make a lot more money.
The A380 is a pink elephant.