yeh, have a friend at PSA right now and he's got a nice month paid vacation before starting sim, not to bad, unfortunately for him, he's going to be on the backside of the hiring wave, at least for the time being.
I also believe that minimums will come back up, at least competitive minimums. I doubt you'll see companies change the policies overnight to 1000/100, however, when everyone who comes in has 400-600 hrs, and 25-70 multi, i'm sure the hire time pilots will be picked first, If the airlines are able to fill the classes they need, then there's no need to be looking at a guy with 350 hrs, unless theres just no-one else available....which i believe , there will be.