By the time the cadets are selected, trained, and have flown with VARA on an ATR or (now I notice) a F50, you're looking at least five years into the future before they get anywhere near a jet. Guys will be long off the hold file or flying for another carrier by then.
Last I heard VA management were forecasting pilot shortages in the long-term - cadets were one way to help boost future supply.
Does the Kelpie have any more news about his rumours from a couple of weeks ago?