For sure, Bushy, this is unpopular- especially with pilots who do the hard yards in GA. But this sort of low-hour airline pilot exists already. eg. Emirates.
The "how will they cope with an emergency" type posts raise an interesting question: Who would you want at the controls during an incapacitation scenario
1. Traditionally trained F/O with 2000 hrs; 1990 hours on various types from C172, C206 etc thru to turbo props, and 10 hours on B737
2. Simulator boy with 2000 hours, of which 10 hours on C172, 500 sim hours on B737, and 1490 hours in the B737
3. Airline cadet with 200 prop hours and 1800 right seat B737 ?