Let's not get too worked up over this... A quick peruse of the CASA website tells us that, contrary to good rumour, a relatively healthy 987 Aeroplane CPLs were issued in 2005-06, up from the 800 per year of the previous two years.
Obviously some of those will be cadets jumping into SQ's 777s but that's a fair way from the 150 I had heard around the traps.