There was a meeting in Cologne a couple of days ago. It was attended by some members of the FCL.008 committee, some bigwigs from EASA, the CAA and AOPA.
Reports of the meeting vary a bit, but everyone pretty much agrees that EASA agreed that holders of the IMC rating would be grandfathered. I'm told that Cliff Whitaker, head of Licensing and Policy at the CAA asked a lot of questions and took a lot of notes. Anyone out there who thinks that EASA will try to squirm out of this in future should be reassured by that.
The grandfathering thing is on the face of it a very good start. It answers one or two questions but it also leaves a lot more unanswered. Will it be possible to attach an existing IMC rating to an EASA licence? Will it apply to lapsed IMC ratings? Will it apply to IMC ratings gained between now and April 2012? I'm not really sure that anyone yet knows the answers to these questions, and as I understand it the next step will likely be an EASA NPA and the ensuing consultation.
All in all the meeting's outcome can certainly be classed as a good result, but there's a long way to go and a fair amount of detail to be defined.