Until any of this is actually approved and written down in law then it is pure speculation. I really don't think this is helping anybody, certainly not my stress levels (I really shouldnt read this crap but for some reason I seem drawn to it like a p#ss head is to curry).
Some of us (like me) actually make a living from professionaly flying 'N' reg corporate aircraft in Europe, converting to the JAR/EASA equivelant is not an option for some. I'm not trying to find an 'easy' or 'cheap' way around the regulations, simply flying with an FAA licence is the only way in which I will ever get to do this fantastic job.
When i'm in various European business aviation lounges and speaking to other FAA and JAR corporate pilots they all tell me that the rumours written on here about what EASA promise to do are quite wrong, some claim to have very close contacts within the EASA working group. Who to believe?