Kinda sorta, they still do have to go to IFS after they graduate. And this actually counts for nothing in terms of their ranking (as cadets and/or in terms of awarded AFSC). In fact, they take it as seniors, up till this year they got their AFSC as juniors. I have had a number of cadets tell me this summer they aren't sure what they want to do, and took this to help them figure out if flying was it. So for them, it's a good thing they don't have AFSCs yet.
Don't forgot, you can not take this program, or do absolutely terrible in it, and still go onto IFS and UPT. It is intended as a motivational/educational program open to all cadets. You have to be PQ to solo, but not to take the course.
They get a pass/fail down here. And I don't know if anyone actually fails, you'd have to try hard, very hard. There is no report that goes anywhere. Those deciding who gets to be a star bellied sneetch ENJPPT student have no idea how they did or didn't do in PFP, there are no reports generated. All they know is who took it and who finished it.
I'll point out, gliders and jump are both excellent programs (IMO) not so much for the students, but the instructors. Both are run and instructed entirely by cadets. Yeah they are supervised by officers/NCOs, but they really do the majority of instruction, that's a pretty cool responsibility for a 21 year old cadet.
I think I answered it a while back, but why do we have PFP? After we moved IFS out of here, the CSAF came to the realization that the AF Academy didn't have any powered airplanes on it (tow planes don't count). They even got rid of the motor gliders. He apparently thought it was a bad thing that cadets would spend four years here and never have a chance to operate a powered airplane. Your opinion may vary, his won. What will happen to the program....who the hell knows. The going guess is that it'll turn back into IFS again. As far as flying squadrons go, costs are a drop in the bucket (I flew 3.2 hours today, burned about 30 gallons of gas).
Some may say it's a lot of money for a fam program when we're going to send them to IFS in a year anyway. I dunno. Bottom line, it exists and I'm having fun.
The glass cockpit probably isn't necessary, but can you buy a Cirrus without one? What's VRF?