Slightly exagerated there in the last post....BA most certainly do still recruit from Oxford (you will find that they actually make up around 50% of those with low hours who get in) as well as CTC, Cabair and FTE although there is no further recruitment until 2011 at the earliest given the current climate.
Flybe are rather stagnant at present and are changing things internally to save costs, but another intake of guys for the Q400 is planned later this year and they will be cadets from one of the mentored pilot schemes that are currently holding.
As for the CTC holdpool, it is not 3 years....it depeds on when you complete the course versus when the airlines do their intake but 12-15 months is a reasonable take on the state of affairs at present although there were a number of guys who got into easyJet this year who were swimming for only 4-5 months before getting their call for TR.
There are hundreds of qualified guys out there looking for work, many with low hours and experience, plently with thousands of hours who have been made redundant. However, as they say train for the upturn. As much as it will pain a large number of people, when the time comes and airlines start recruiting again, those who are fresher out of training may well be a preferable employee due to better currency. On the back of this they may well do better in a sim check too. Very few have the money to keep properly current at the moment and their skills will become rusty.