Absolutely go for it.
I'm 36 with a bare CPL, 260hrs, and have just returned to flying after 10 years. It cost $1800 to get current, and I already have a part time gig meat bombing in Melbourne so I'm back to square already.
I have also applied for the QF Cadet scheme. At present I'm at Stages 3 & 4, the medical and the panel interview. Whilst I haven't had any official feedback yet, external eye exam to be completed, I'm confident that I'll get in. The night I returned home from Sydney, I had an e-mail from QF advising me that "effective immediately NVFR is no longer a pre-requisite for the Commercial Cadet Pilot Program".
I assume that this only applies to me, as nothing has changed on their web site. I have previously held a MECIR.
The moral to the story. IF you really want to get back into flying, now is the time. The way I see it, the boom wont last forever and I'm doing everything I can to ensure that I have a seat in an aircraft when the boom stops.
Good luck.
Omega471