I read that one of the proposed responses by the FAA/NTSB in the 'wake' of the US1549 ditching in the Hudson is that they might in future require a 'Dual engine failure after Takeoff' checklist. As if Sully needed it! In fact, it would in all probability have distracted him, IMHO.
Whatever happened to 'Situational Awareness'? Vital action checklists are useful, but will never replace a pilot who is constantly questioning him/herself, is aware of his/her surroundings and is alert to changes in it.