I have flown with ADS-B, and that system can work. The problem I see with ADS-B for traffic conflicts is that it requires the user to be head down in the cockpit for a significant amount of time to determine where to look for the alert traffic. And, this is typically where the risk of mid air is highest--the terminal area.
ADS-B In itself is NOT a traffic resolution system like TCAS.....it just shows you traffic, and it's up to you to deal with the resolution of potential conflicts. There may be more advanced systems that will provide conflict resolutions, the systems Ive used were Garmin, portrayed on Avidyne MFD. And, in busy traffic, I can't imagine trying to actually sort out conflicts on a screen any smaller than a very large MFD.
Again,, the problem is, you have to be head down, studying that screen to LOOK for traffic, to figure out where it is, and all that is time you are head down, and NOT looking out the windows. There were a lot of times when I'd find myself studying that stupid screen, trying to read the altitude and vector of traffic. For a two pilot crew, that may work, but for single pilot airplanes, you would need a full out TCAS system in my opinion, for the system to really work, without offering more distraction than its worth.
Another problem with ANY of these kinds of systems is that they only see aircraft equipped with some sort of emitter, such as a transponder. There are still a fair number of airplanes without transponders. ADS-B only provides complete data from ADS-B Out equipped airplanes as well, not ones with just a transponder. For example, in the area where I used ADS-B, there was a lot of sprayer activity in summer, and none of those airplanes were transponder equipped. We operated from an uncontrolled field. The sprayers offered an excellent illustration to students of the limitations of ADS-B.
Search this site for a thread called "Show Us Your Instrument Panel". Take a look at some of the panels (not many, but....) and tell me that some of us are installing a lot of equipment that further limits our ability to scan for traffic.
I have a friend, ex F 16 pilot, with a Cessna, and he has THREE large portable devices, all mounted ABOVE his instrument panel, blocking his view of the world....and he's a short guy. That kind of setup is a recipe for disaster.
But, that's all opinion, of course.
As to the cost of an all airplane parachute, I suspect the cost of the parachute is minor compared to the cost of the installation. If the parachute costs $5 K, I'd bet installation would run you $10 K plus on top of that. It's a huge installation.
I think the parachutes are a great idea, and I give Cirrus a lot of credit for going there, but the cost and weight is going to be a hard sell for most folks.
MTV