DayDreamer, while most of what you say is true, Ryanair does not necessarily give what they promise. In my short time with Ryanair (3 years) my contract was altered at least every 4 months and never to my benefit! They were only small changes, but each one nibbled away at my terms and conditions.
Now the 5/4, new aeroplanes and pleasant colleagues were great but the pervasive blame culture of management was neither attractive nor condusive to a safe operation in my opinion. This is an unquantifiable negative that would make me think twice before applying for my old job again.
Having said all of that, when one talks to American colleagues Ryanair is a fresh green pasture of opportunity so perhaps rather than damning those who agree to the Ryanair contract we should more encourage them to make their decision with eyes wide open?