Yes, its true. You're going to do a bunch of training on a Microsoft FTD (granted its a better because you've got 4 large flat screens which are basically ipads, no visuals) and you'll run through some systems and profiles in those. Then you'll do your oral with an APD, then transition to the sim and do 4 sessions. If you're lucky you'll get 3 V1 cuts. (I got 2). you'll switch seats with your partner but you do zero flying from the right seat until the very end. There just isn't any time to repeat much stuff. You've got to be 100% every day because your checkride is day 5. Don't know the latest stats but there were many pinks when we went through. Not saying its the instructors fault because I think 99% of them do a great job. It's just set up that way. Maybe Euro has a master plan to keep people stuck here by giving them a pink slip.
After you pass your ride you'll do one CAT3 and a V1 cut from the right seat and you're off to OE. Good luck at 4 am. If I knew then what I know now, I'd never risk my record on a midnight sim slot.