Charlie Zulu,
I'm also doing the IR studies at the moment. I did consider doing the extra work and going for the ATPL, but like Dutch I've no desire to strap on the gold braid, so decided not to.
However, your comment about "ATPL means you're FAA and JAA qualified" intrigues me ... can you expand ? What rights would an ATPL give me in the US (bearing in mind I don't have ANY licence issued by the FAA) ?
Cheers,
FF