Latest from rumour control is that there are a couple of type rating courses planned for later this year, which will presumably be made up of MPLs and sponsored / mentored CPLs. Very unlikely to include anyone not on this list (i.e. everyone else).
Don't expect any significant recruitment for the foreseeable future (whatever that is). However, when the market does eventually improve, I wouldn't be surprised to see a mass exodus. An awful lot of FOs (not to mention captains) will be free of their bonds and have enough hours and experience to go off and fly something nicer and better paid than their current equipment. Some people are already looking at the sandpit and doing the calculations.
When the likes of BA, Easyjet and the charter airlines start looking for experienced but non-type rated pilots, expect Flybe to be recruiting low-houred people within a few months.