Tinee,
The old cadetship was a good thing, the company took the brightest and invested a great deal of money in them. These guys and gals did not have a window seat for many years, but they were/are future Captains.
The "New" cadetship has a clear and concise financial imperative, window seat straight up with, IMHO zero investment in the staff, they are cheaper, more compliant, arse lickers, read sunfish's post, the narcism is there for all to see.