http://www.af.mil/news/story.asp?id=123150197

Bottom line the AF is giving up 250 fighters, and instead of getting more F-22s is getting a grab bag of other capes:

Additional B-52 Sqdn
More MC-12W Liberty Bells
More UAVs
Munitions

It will be interesting to see if Congress intervenes - testimony on the Hill yesterday seems to point to "no":

http://www.politico.com/news/stories/0509/22784.html

The real key to watch will be the Guard - -250 jets means the Guard units will have no jets for a while unless F-35s go to the Guard 1st. Doesn't seem like that will be popular with Congress.

We are assuming a large risk in the Air Superiority arena - let's hope we can deter anyone from challenging us there.

-Cliff