Yes, but most of the folks that they want to leave really don't want to go. 6 figure salary + 4 weeks vacation + decent bidding seniority doesn't lend itself to wanting to start over. FedEx and UPS will probably be the only carriers any of the senior folks would truly consider. Many of them already have senioirty numbers at AA (if they wanted one) and would have a modicum of bidding power once they get over there since they'll have recalls already on property junior to them.
This program is good for those who want to use it but I think the company will find it a bust unless they pony up some $$ (aka buyouts) to ease the transition for most of the 10+ year guys (almost all of our Captains).