Funny enough, many in Australia are quite critical of the FAA system, they have been running cadet programs for many years, and it has only just caught on here over the past 5 odd years.
You'd think we'd be able to learn from what the FAA system has learnt in that time about such "short cut" programs.
Smoking hole at the end of the runway kind of lessons.
Yes, we are far more than a day late and a dollar short on this topic.
The US senate has had an enquiry regarding the reduction of experience levels in their cockpits, particulary regional. They are looking very closely at mandating a minimum of 1500 hours.
The reason for this is quite obvious to those that have been in the industry long enough to be able to recite Flying High vebatim. Yet still we continue the rush to the bottom.
To those thinking of a cadetship, don't do it, you can learn a lot more out in the industry.
As a Cadet, the very best you can hope for is to be viewed as a second class citizen, you will alway be "one of those cadets", and treated as such.