I wouldn't say modular was necessarily a great route if you want to get straight into a an airline following training. A lot of airlines will only take low hour guys who have integrated backgrounds, and often only from favoured schools such as Oxford, Cabair, CTC, Jerez, 43... who have links and contacts with the airlines to help get their students in.
Here we go with the Integrated argument again, I've never ever been to a modular flying school that doesn't have links with airlines. If you have a good read at Cabair, Jerez and a number of other schools they always quote FlyBe as one of their major employers, FlyBe also take students from modular schools.
In this economic climate, when there aren't many employers looking for new staff it would be stupid to sign up for an integrated course until employment is back on its feet again.