An interesting discussion chaps, but I appear to be the only PPL I know that thinks the new EIR is to be applauded.
The risk for me as a limited ability pilot is in having taken off from my home airfield in good VFR conditions heading for my destination which I have already determined is also enjoying good weather, and encountering poor, unforecasted conditions en route.
The new EIR appears to offer me the ability to continue the journey without incident and arrive at my destination and land with the sun shining.
Yes, an IMC rating would be better. And,yes, a full IR would be better. But for the old and slow amongst us, I think it might help.