There is a thread running eslewhere on pprune (and I'm too lazy to find a link for you) with regard to the new licence proposal. From a student point of view it seems to be a useful way around low hours and little or no multi crew time and more helpful with a career in multi crew flying, but many chief pilots have concerns about the lack of time in the air building up even the most basic of flying skills.
It should be interesting seeing how things progress. I suspect initially that airlines will bias their entry requirements in favour of those with high flying hours rather than the new licence.