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grams
it's being looked at pretty seriously; at a guess, i'd say it could be up and running within 18 months or so, which is pretty quick for the rail industry.
on another point, rail privatisation barely exists at present with all revenue risk assumed by DfT.
I don't see that as changing in the immediate future, so DfT could easily mandate flexible season tickets, and train operators would have no reason not to implement, as they don't get the revenue anyway.