Well, if you're unhireable at the majors without it then it may still be very valuable. The idea of having a seat at AA and having a good career without having to stress about getting hired like you would at any other regional is gone though. Starting at Envoy now, the flow as it currently exists will drop you right behind the biggest retirement/hiring spree likely to occur in our lifetime and you'll spend your whole career very junior. So you'll be frantically trying to get hired by a major here just like everyone at SkyWest, Republic, Endeavor, etc. etc., only they'll be making a lot more money and enjoying higher QOL mostly from superior work rules/soft pay.