Personally I think it would be a disaster if it went - not just because I have my IMC rating test coming up on Thursday...
Unless the IR can be made easier (i.e. cheaper) to obtain, more like the FAA IR, the result will be a huge bunch of people scud-running on bad days, and far more emergency diversions and precautionary landings from people caught out (or a rise in the number of busts for flying in IMC when not rated).
Tim