T.P.
Firstly, I guess you have to ask yourself why you got out in the first place. Was it the money, the lifestyle, the passion had gone, crappy boss?
You have to find that reason first before moving forward, because despite the state of the industry at present and there being an increase in demand for pilots, the reason why you left may not have changed.
I guess if you have the passion still, great, but what sort of life style are you looking for, how much money do you need for the level of lifestyle you want.
There maybe more jobs, but the new world economy seems to pay less. Yes, I know someone is going to say, but I get this paid this much and I am happy. Reality is that aviation salaries are lower in general these days.
Good luck, and all the best whichever way you go.