Can737 has hit the nail on the head. I think that many who argue how great low time MCC candidates are must have come through that route. In my first 1000 hours I experienced a broken crankshaft engine failure with a glider on tow, a fire in the cockpit, radio failure, iced over front windows... and so many here just talk about 1000 hours in the pattern.
But the reality is that MCC is here to stay. There will be a steady supply of low time pilots. Pilots jump from job to job to get long haul or wide body or command time, and in the end it does little for the profession as a whole. We will need stronger unified groups with a collective strength of a union. Unfortunately the LCC have mastered how to divide bases and contracts to whipsaw the pilots back and forth.