I get the impression that 411A has little knowledge of European low cost operations, or European FTLs for that matter. I was at the crew immigration channel at MIA a while back. A United crew queueing behind us were amazed that we had just flown from London with 2 crew - their FTLs specified 3 crew.
IMHO, this is bigger than the current 'Pliots flying while still under the influence' issue, articles about which have appeared in several UK papers recently. I personally would feel happier flying after one drink (not that I do of course!) than flying while acutely and chronicly fatigued. I base this statement on my driving performance after long transatlantic flights having had little effective rest over the previous 22 hours (no bar involved) prior to reporting at midnight body clock time to then fly for eight or nine hours.
Twice on the long Florida returns I have been woken up by the 744's alarm one minute after the 'Pilot Action Required' EICAS message to find the other pilot being woken as well.
Another system such as the watch is a fine idea, but it is a cure of the symptom - and not the cause.
Unfortunately, the fight safety system is reactionary and people will probably have to die for this to become serious enough for someone to do something about it. IMHO, the rules are lose enough already. What we don't need is a increase in already long hours