There may be some hiring in the next three years, but I don't see much growth except among the regionals. Delta was going to hire this year, but they cancelled. It'll take them another two years to sort out the mess over there. Who knows what will happen at USAirways. American is in contract talks and still have 2000 on the streets. Netjets filled up last year.

GM is closing their flight department, ATA and a few others failed last year leaving many highly experienced 121 pilots high and dry. I think the chance you'll miss a great hiring opportunity over the next three years is pretty small.

There is still going to be a pilot shortage, but the massive layoffs and economy is going to mask the shortage for a few years. Good luck, no matter what you decide.