Well, I just read the thing (in the crew room in MEM, so I'm sure some major rumors are about to start flying at 9E

), and it's got some decent stuff in there. There's also a HUGE amount of screw job loopholes. I can tell ya right now, having 2 union guys as oversight for PBS does NOT prevent the company for using it however it sees fit. Assigning training before your bid line also helps the company out, not the pilots.
Things I liked were some of the RR rules (3.9 credit for 8 hours, 4.9 for 10 hours and 5.9 for 12 hours) since that would stop the 20 RR shifts per month around here. The line guarantee is nice, but if management decides that PBS isn't working out for them...that goes away. Automated drop/swap is nice, though. Wish we had that here. 11 days off minimum is a concession, IMO. Granted it's up from 8. The pay is hideous. That's all I'm gonna say about the pay. Per diem is 10 cents less than what we get now here, but tying into the CPI is a good idea.