Well there you have it!! All semantics!!
And here I was always thinking that if you ONLY have two guys in the cockpit one is the Cpt and one is the FO. If these companies truly want to move into the 21 century with regards to CRM and cockpit gradients maybe the silly titles should go sometime. Nowhere else do you wear your payscale on your shoulder like here. The only thing that one stripe is good for is to lose the respect of the passengers it is supposed to get and than help you to confuse people around the airport building into thinking you are the assistant to the security guard or something....
With regards to cadets - I don't think it is a great way to get into the game either - and have done enough flying with guys like that to see many of them shy away from a crosswind. But their ability is not the point. The fact that their existence threatens the value of this career is the point I have been making since this thread started.