I know a lot of guys who did that in the 90's and regretted it after 9/11...guys old enough to be O-6's were coming back as O-3's so they'd have Tri-care and a few bucks a month after age 60 (the age 65 rule has since changed the dynamic a bit though). It worked out the airline crisis at the time coincided with a military build up.

Any way you can do light staff duty, drill free for points, correspondence courses just to keep it alive on the back burner?

I agree things look pretty rosy for the next 15-20 years, but you never know what can happen with this industry.