FWIW, here is my unsolicited advice.
If you live in the Albany area, CommutAir would be a good choice for you. We have had our share of ups and downs, and right now we are very down. But it is a place you can get good experience; and have, at times, a relatively quick upgrade.
Nimitz is correct in saying that nobody is going to come banging down your door at 1000 hours turbine PIC. On the other hand, you can't even start a paper trail at Southwest without it. You can't start a paper trail at AirTran without 500 hours 121 PIC. Long and short, without the PIC time, you have little to no hope.
This industry is cyclical, and I do believe that the majors will return in some fashion. Northwest, Continental and United have all been recalling pilots. Southwest is growing like a weed, FedEx and UPS are hiring, and ASTAR may be hiring soon. America West, AirTran, Alaska and Frontier have all hired off and on over the last few years. So I believe there is some hope out there. I saw this same sort of environment in the 90s as well. Tons of furloughs, a few big airlines going out of business, pay being cut, etc. But by the mid 90s, recalls began and some airlines began hiring slowly. And we all know what happened by the late 90s.
As for CommutAir itself, well it has all been documented pretty well on here. Pay is not the greatest, certainly not enough to hang around long-term. Most regionals pay second year F/Os more than CommutAir pays second or third year captains. But as I stated, you will get good experience here and have a relatively quck upgrade. Don't expect any hiring before spring though. Many people question what the future holds for us.
BTW, does anyone know of a good solid regional, with decent pay, and secure future? What is going to happen with CHQ, TSA, Mesa and all of the wholly owneds if USAirways goes under? Why can't Air Wisconsin get United to give them more flying or land another codeshare? How will Comair, ASA, CHQ and Skywest be affected by a possible DAL bankruptcy? What is going to happen with ExpressJet when other airlines can begin bidding for CAL flying in two years? Seems to me every regional has some big questionmarks in front of them right now.