I will try to post what I can remember. The memo makes it seem like the ultimate goal is to get you to a point were you can upgrade quicker and then become a Unit instructor. Just like Panco17 mentioned.
You would attend OTS, UPT, follow-on training, and seasoning
orders in a military status. Payed just like the active duty members. Seasoning orders are 140 day according to the memo. After this, you would be hired into a ART overhire position. You will be a federal civil service employee paid on the gs pay scale. You will be considered a traditional reservist (1 weekend a month, 2 weeks in the summer) who has a job with the federal government.
Like I said in another post, the total full time commitment to the reserves is 6 years. This commitment starts when you enter your first formal training program (OTS, IFS, or UFT.) After completing all the required formal training and your seasoning orders, you will then do 4 years of the ART overhire position.
At the end of the program you can apply to fill an empty ART position, not in overhire status, or just become a TR and find civilian employment.
In a way this could get those that want to fly for the airlines a chance to build enough military hours to potentially skip the regionals. That's all I could remember for know but it should cover everything.