Eagerbeaver,
I was a bit suprised as well. I spent three years at British Regional and even have a letter telling me I would be welcome back!
The new style application form is strangely reminiscent of the BA mainline one. It follows therefore that all applications are scrutinised by the same external agency that BA used. In other words,your suitability as a pilot will be judged by a twenty year old sociology graduate who knows someone who has a friend that went on an aeroplane once.
Seriously though, if they are part of BA now then they are probably operating under the same restrictions and by all accounts have suspended recruitment until the situation gets better.
If anyone is successful, then you will be joining a good company and a great start to your career.You may even get to love the ATP in time.
Best of luck!