I read a lot about it being a silly idea to start training now, unless it is modular and that low houred pilots will not be hired till something like 2012. Perhaps I am wrong but waiting a year and doing an integrated course would have you finishing around about that time.
If it's integrated that is best then a year is not that long a time to wait, plus it also gives you the advantage of being able to see what happens with the economy in general.
On a side not though, I would imagine that most people reading this want to do an integrated course - so what advice would people give about when to start one (just a guess, its not going to be pinned against you)