That was my original plan. After 7 years at a FDX feeder I took my ATP ride at the caravan sim. Pain Free ATP, free of charge. However, it was a single engine ATP and in order to be insured for my current job, SIC in a Beechjet air ambulance, I needed a Multi ATP.
Sooo, I took the Multi ATP the old-fasioned way, I paid for it out of pocket. It was the smartest money I ever spent. I sat through a 1.7 hour scream session of a checkride that was the most horrfiying experience I ever had in an airplane. Including all the scary stuff during the previous 11 years I flew single pilot freight, banner tow, traffic survey, skydivers and pipeline patrol...
Point being earning an ATP can be a very good thing, it was for me. At the very least, requiring 1,500 hours will increase the odds that the airline applicant has some sort of real world flying experience. In between these two jobs I was at a regional for about 15 minutes. I certainly wouldn't have been comfortable being thrown into that environment with 250 hours. What the hell is the rush anyways?