Airtoday's experience is interesting. I would guess just from reading they're holding strong to the current 121/135 experience. I got the impression during my interview that it has a lot to do with the FAA and/or insurance making the call whether they can be trained as a CQFO or FO. Regardless of what happened the one thing to keep in mind is that no job interview is a sure bet. Whether you screw the pooch in the sim, mis-spell the company's name in the application, or just the interviewer doesn't like the look of your face, nothing is guaranteed. Certainly not saying Airtoday did anything wrong, sometimes you don't have to do anything wrong (10 A+ pilots and 8 slots means 2 perfect pilots don't win).
I imagine as word continues to get out about this program that competition will continue to grow then wane as the benefit of getting in early goes away and the expected time in the right seat grows. That said even if hired as an FO or being near the back of the 200 expected CQFOs does have distinct benefit over a lot of other carriers.
In other words, "your mileage may vary, limited time offer, not valid in the state of Nevada, New Hampshire, and Florida. See your doctor for details."