gotajob4rus,
I hate to be the bearer of bad tidings, but according to the letters which have been circulating from RE, ALL recruitment is frozen; given that they are going to be (hopefully) standing down pilots rather than making them redundant, I can only suggest that you make alternative arrangements. If it is of any use to you, when the Gulf war was finished, it took about 3 years for BA to start dipping into its pool of cadets. I know that it is cold comfort, but there are other jobs out there...
Best of luck to you - I know exactly how you feel.