Thanks IO540 for the email, I guess there is little to do now that the comment period is over other than just wait and see. I read a lot of the comment by individuals and other organisations on the FCL documments on the EASA website and a lot of it was defending the rights of FAA licence holders in the EU however it doesn't seem to have made much difference to EASA's opinion.
I thought Jim Thorpe's article in PPL/IR on the matter was interesting and offered some hope, although again EASA don't have to listen to him...