...now that jobs in the airlines are no longer guaranteed thanks to the loss of bridging within CAP804...
As the 'credit' available under part O is so pathetic, my feeling is that whereas the previous scheme might have retained a few experienced pilots until they reached the 2000TT/1500PIC point, the new scheme will simply encourage people to think "What the hell is the point of staying in?" and to pull the B&Y.
If that's proving to be the case, well, I told you so!