ATP . . . it is still an accomplishment
I got mine in 1989. I went to a weekend school for the written and, yes, I went to Sheble's for the practical. I still had to meet the PTS, though. I haven't looked at an ATP (and type rating) PTS in a while, but I doubt that such things as -0/+5 for airspeed have changed all that much.
I've always told people that the ATP is essentially a souped-up instrument rating. I had any number of instrument students who flew to ATP standards. The standards aren't much tougher than the instrument rating. Just the same, it is still a milestone in a professional pilot's career. As a practical matter, especially in times like these where competition is fierce for very few jobs to be had (which is still true, folks, even during good times), you need to present the best quals possible so you can have the best chance. Getting the ATP is one of those quals.