You haven't heard anything yet because Cabair itself hasn't been told anything by Ryanair, they are gaining their information just like us from t.v. and radio. Once they hear whether this sponsorship is continuing you will all be informed.
Spare a thought for the guys who are already in the system, some of whom have just finished or are about to finish the 2 year instucting period and are now faced with no job.
The job at the end is never guaranteed no matter what sponsorship you go on, it is however expected that if there are jobs available they will go to the sponsored pilots. In Buzz's case, the airline has been taken over so the big question is 'Will Ryanair do the decent thing and take on these guys anyway?'. It would mean o'leary would have to front up for a type rating which is probably unlikely.