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Here's the kicker: you WILL NOT be eligible for promotion. That might not sound like a big deal, but being a passed over Capt/Maj definately puts you in the hot seat for a 1 year deployment.
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Does that mean no OPRs to be written for you? Obviously no PRF. OPR bullets are hard enough to invent these days.

Are they applying that to Reserve officers also?
I don't see the non-promotion being that big of an issue for retired dudes. They are only back for 48 months. When they ask you to do queep, say no thank you, I'm not promotable. Just doing the J.O.B.