Cadetships and Sponsorships

[Tapp0]

Lately in the media, newspapers etc I have noticed much publicity with regards to cadetships and the opportunities they can provide for potential pilots like my self. Does any one have any first hand experience or knowledge about these opportunities?
Would you recommend going for it?
Are you offered a job at the end?
Do you require any prior experience/knowledge?

With talk of GA Aerodromes/runways closing in the S/E Quensland area, and prices increasing for a/c hire and landing fees etc, it seems that the cadetships may be the only viable way to go in the future.