Well, I'll admit that I'm following this at arms length since it has little effect on me, but I think the "full pay to the last day" guys are missing one key point - the value of a pilot is still, say $200/hr, but the new LOA (as I understand it) is divvying up the work based on seniority, but with concurrent reductions in days of work each month. This is nothing new with organized labor. Trades come to mind in the upper midwest - young guys by and large don't get steady amounts of the indoor work that still exists in the winter. Seniority rules.
I'm all for organized labor, but I, for one, think it's great that all those junior guys are going to have jobs instead of fighting for the scraps of money left in broke unemployment coffers and the handful of cargo jobs that exist.