Well I have taken the gamble, and will start training in February!
Yes the industry is slow right now and factors like the looming Gulf war can/will hit the load figures.
My father's job puts him right in the mist of the industry's statistics. His advice is "Go for it!"
Currently stats are down, but they are still recovering even with the possibility of war and further economic down turn. There is also the fact that airlines are loosing a large number of 'Baby Boom' pilots through natural wastage.
So until someone can read the future, it's going to be a gamble.
Being brave could mean boom or bust. Being conservative could leave you behind at the gate!
What ever you choose, I hope the best for you!!!
Gotta fly
