DBCOOPER,
Changing the SWA application process so more people can apply may make those people happy that they've applied and increase the number of apps on file, but it would most likely not change anything else. Even with 1000 Hours Turbine PIC and a 737 type rating as of today, one is not competitive for an interview at SWA. It is widely speculated SWA has between 5000 to 8000 applications on file at this time, but according to all the latest rumors, the min number at this time to make one competitive for an interview is at least 1500 Turbine PIC and a 737 type.
And while the amount of Turbine PIC time one needs for an interview may go down as the number of interviews increased, SWA has determined the min threshold to be 1000. IMO SWA most likely doesn't want to take on more apps in the meantime when those folks aren't competitive in their eyes. Doing would give people false hope.
By your reasoning (that you should be able to apply to SWA with 400 hours PIC since you're current and qualified in a 737NG), every USAF Reserve KC-10 co-pilot fresh out of pilot training should be able to apply to FedEx just because they are current on a DC-10, whether they meet FedEx's mins are not. That would be great news for a handful of AF Reserve co-pilots (some with less than 100 hours PIC in anything), but the fact remains they don't meet FedEx's mins unless they have 1000 PIC, a four year degree from an accredited college, and FE Written among other things.
The guy who flew BE-1900s in Florida has a chance to fly with SWA because he meet SWA mins, got an interview and successfully made it through the interview. And I'm guessing that in/around Florida, he flew near/around a lot of Thunderstorms...so while the weather may have been VFR for takeoff and landing, but I'm betting he got bounced all over the place logging that PIC.

I know the scariest flight I've ever had was in Florida at night around raging Thunderstorms, and I was nearly killed on a beautiful VFR day by a light twin, not talking or squawking while he blasted through Class C airspace completely oblivious to rules and other aircraft.
You're in a great place to get the type, it just depends on how long it will take you to upgrade to the left seat and start logging more PIC. Stay focused on the things you can impact...not the things you can't.
My apologies to the AirTran folks for posting SWA stuff on their thread.
Yahtz