The plan is apparently to use the 767's to free up R-models to be given to the E-model units (por ejemplo, we are getting R-models late '03/'04 timeframe). Apparently, the active duty AF wants to shift some portion of the R-model fleet to the Guard to shift the increasing depot mx costs. However, I do not know how that works as far as the Sioux Falls unit converting to E's, the McConnell Guard converting to R's, or the Portland unit converting to R's. They need to shut down the Forks and hand those tankers out across the force, but that's a rant for another time.
Wasn't the WANG is lobbying hard for 76's, playing the "hometown" angle? Never underestimate the power of Congress to squeeze a couple of "good deals" into their district, so the possibility of Guard 767's exists. Remember all those C-130J's the AF didn't want?
Peace,
DP