Unfortunately, there is an exception to the 1500 hour requirement.
H.R. 5900 [111th] - Summary: Airline Safety and Federal Aviation Administration Extension Act of 2010 (GovTrack.us)
Section 217 -
Directs the FAA Administrator to conduct a rulemaking proceeding to modify minimum federal requirements for the issuance of airline transport pilot certificates. Requires a pilot to have at least 1,500 flight hours to qualify for a certificate.
Authorizes the Administrator to allow specific academic training courses, beyond the minimum required, to be credited toward total flight hours, if allowing a pilot to take such courses will enhance safety more than requiring full compliance with the flight hours requirement.