I agree with you and yes your correct I have not been part of any industrial action, I have been part of a company that did just this to it's pilot. The outcome is far worse than you think. This is not a small bump on the road, this is BA express on sligtly better t&c's. They will just grow from within. As you correctly stated the t&c's will diminish then you will have BA Express.
Again i understand your logic and agree it will happen. Sorry to see a good job start it's way down the slippery slope....
On a side note i wonder did MOL share some tips with Willie when they met over the APD tax.....smells of it!!!