Diggler,
that is how should I put it...hogwash. It greatly undermines professional wannabe-ism. We pay good money to get ourselves in what is meant to be a better position, and look where it gets us!
I've got a PPL with around 60 hours. Only about 23 of those are P1. If the limit were 150 hours, that would've been fair enough. Once you have a PPL, you got to maintain it - bad habits or not!