BB,
I have to agree with cgtpilot. Stay in. I'm here too. Have heard the same over-manned talk. Don't see the economy bouncing back anytime soon. I'm still in the reserves and looking to get probably mobilized for next year -- better money (I'm year 2) as well, plus sit back and wait while the industry recovers. Plus, if you're hired and awaiting a class, they shouldn't have any issue with a mil extension either. Good luck.
...and I sent my card in 4 months ago...