I have placed the full text of the SOI at
http://www.londonelegance.com/transpondia/T5/PBS_Tier_5_SOI_Apr_08_v1.4_WEB.pdfThose affected by it, and those advising those affected by it, should give it a close read. If you think a provision warrants comment, you would be invited to PM me.
It's a first draft, so expect clarifications and rephrasings as time goes on. But the major points of the new T5 have been hammered out.
The cut-off time for applications in the old Youth Mobility scheme is October 2008.
I think it's good that UKY is a community that stays on top of things, hence this post...