I don't necessarily think it's a bad way to go. If you don't have a great deal of interest in flying GA and experiencing variety of different flying, it's probably your best bet.
I chose to do the GA path but I have a friend who's done the Jetstar cadetship and it seems to be working out well for him. Salary wise, although I'm not entirely sure of the exact figures in the cadetship you start off on say 55k a year and after 18 months - 2 years you're on the same wage as a direct entry FO; 90K a year?? Compare this to myself having been in GA for 4 years now I'm still on less than the cadetship starting wage. However, I don't have any debts from flight training.
The other plus I see to it is you're employed to fly and that's all you do. There's a lot of jobs in GA that while you might do some flying, involve a great deal of "sh*t kicking" (character building
) which probably wasn't what you had in mind when you decided to become a pilot.