Our DO told us that the 1500 hour rule would most likely not be a grandfathered type thing. Keep that in mind when the regionals set their mins. We were told a final ruling was coming in June. From there the plan to get the ATP done for the FO's would follow. (This is why I'm holding off in the short term on paying for my own ATP so I can get out.) I imagine initially the lowest you will see mins get is 500 hours or so. That way you get roughly 14-16 months to get to 1500. As we get to August of 2012 I imagine you'll see 1000 be the walking line, then about 6 months out it'll be hard ATP. They aren't going to spend a bunch of money to put you through class and sim only to fire you in 6 months because you are no longer qualified. Again this is if there is no grandfather. What he did say though that if there was a grandather you dequal the moment you hit ATP mins until you take and pass your ride. They have to pull you off the line and send you in, so either way when you get to 1500 take the ride.