I know I am in a very distinct minority, but I don't think the 1500 hour is a magic bullet. Quality is far more important than quantity. People will always be able to game the system if the only requirement becomes a static time issue. Watch out for lots of safety pilot time in the near future.
I understand why so many here see it as necessary, but to view this only from the pilot side of the ledger neglects the side who actually pays the bills, managemment. I'm not arguing for low time hires, but restricting the pool of applicants at a time of growth (sometime in the future) unfairly restricts a business's ability to expand.