Okay, here we go:
THERE IS ONE ELIGIBILITY CATEGORY UNDER THE FY07 ACP PROGRAM: "INITIAL ELIGIBLE." AVIATORS WHO WERE ELIGIBLE FOR ACP AGREEMENT OPTIONS IN PREVIOUS FISCAL YEARS WILL NOT BE ELIGIBLE TO APPLY FOR AN FY07 ACP AGREEMENT.
F*ck.
Man, the AF can't even offer a "good deal" without a sharp stick in the eye accompanying it.
So, the answer is...take it now, or forever hold your peace.