What we'll probably see in the future is a trend of a lot of people that would have come over here to do their training on the J1, will start looking more at South Africa, NZ & AUS. You'll probably also see a reduction in M1 visa's being used for flight training over time as those other locations become more & more popular with European's for training.
Fantastic news for Americans !
Good for Americans in the short term but definitely not the long term. Well i guess it's good news for the southern hemisphere!!