Well the FAA discovered the pilot lied and now the pilot is in serious ** with his career and reputation destroyed: I'm assuming he is looking at possible jail time (not a lawyer).
I'd say this is a serious deterrent to pilots contemplating similar action in the future but I don't think the problem was with the FAA or this pilot. The real problem was the senior management at Boeing who made the conscious decision to put profits ahead of safety. Thus they were directly responsible for creating a culture of short cuts and cheating which lead to the ending of several hundred lives.
I'd say this is a serious deterrent to pilots contemplating similar action in the future but I don't think the problem was with the FAA or this pilot. The real problem was the senior management at Boeing who made the conscious decision to put profits ahead of safety. Thus they were directly responsible for creating a culture of short cuts and cheating which lead to the ending of several hundred lives.