It's a No for me.

-The $.50 cent raise for F/O's in 2010 is a slap in the face.
-PBS will do nothing but make the junior guys lives worse. I luck out most of the time and get a few of the days I want off. Example: the last 2 Thanksgivings. This is because senior guys will take a "good line" with 13 days off that works Thanksgiving and has weekends off. With PBS, the senior guys will pref Turkey day (and x-mas) off, as well as some weekends. In essence, they will get "dream lines" created for them, leaving all of the holiday and weekend flying to the bottom 60% of the list. With the lines of flying we currently have, the poop is spread across the entire pilot group a little more evenly. Call me selfish, but I was junior once, and still am not quite halfway up the list.
-Block or better is great, but the union is making us feel like we hit a home run by getting it in the contract. I'm not impressed since we should have had that years ago.
-I don't like the provisions for payment when you are "reassigned improperly." How about some language about staffing the airline properly, and outlawing improper assignments.
-All of the trip trade, schedule adjustment tid-bits depend on proper reserve staffing. We haven't had proper reserve staffing here in nearly a decade. I don't see that changing since management would rather furlough extra guys rather than have reserves not flying.

Progress, yes. But not anywhere close to enough.