M2M,
if i were you i would go for it...the fact that there are several Alitalia flight school graduates with a couple hundred hours still unemployed doesn't mean you cannot give it a try especially if you have experience and a type rating.
Afterall most of those graduates were guys who got there because they are rich kids who know someone inside Alitalia...wouldn't it be nice to take the job without those "who you know" games?
Best luck.