I did the Wings ATP selection in 2009 and was offered a place on the MCC course but it was quite easy to see through the 'sales puff' and realise that I would be spending £7000 without any immediate chance of a job.
At the very same time I was offered a place on an FR type rating course. A bird in the hand is better than two in the bush, or whatever the saying, and I took the FR offer. Two thousand Boeing hours later and I do not regret my decision, especially when I hear of friends who took the ATP route and spent over a year waiting, only then to get a 6 month flexi crew offer.