If anyone was following this, here's the answer...straight from the Palace Chase shop at AFPC. Pilots are not permitted by the AFI to Palace Chase. However, with the AF continuing to get smaller, AFPC has authorization to Palace Chase pilots this fiscal year. If a reserve/guard unit CC and current Sq/CC makes the case for why this is the right thing for the total force, it's possible.
In fact, AFPC just approved a pilot for a 2.5 year early release from AD service commitment. They are not likely to approve, however, unless the pilot is in danger of a RIF or 2nd pass over & non-continuation. Therefore this practically only applies to late rated guys or those who picked up a late or long additional ADSC for some reason.
Great news for one of my guys....