Suggs, in a nutshell (from a friend of mine who joined last year and is an FO on the 330)
1)roughly £3200/month tax free (paid in Dirnhams, so depends on the exchange rate)
2)free house (but it's the company's, not yours)
3)no pension, but a gratuity scheme - you put in 5% of salary, the company puts in 12%. you have to stay there 7 years before you're entitled to 100% of company contributions on resignation)
4)one free ticket per year home for each family member
5)allowances "OK, but nothing to write home about" according to him
6)as stated by others above, no Direct Entry Commands. minimum length of service 3 years before being eligible for command.
Not quite what you've heard, is it??