since CCP has repeatedly made "if you can fly now, you can fly it after the change." Their mantra, i would think that to get the racial BC skill at 5 you would need to have the cruiser skill at lvl 5 in addition to BC 5. This is because the only ships that would require racial BC 5 are commandships, and they currently require the racial cruiser at 5 plus the commandship skill. Right now you could have amarr cruiser 3 and BC 5 and fly harbingers all day, but since you can't fly an abso/damnation, there is no guarantee that you'll get amarr BC 5.

Quick question:

1. Let's say I have a Per/Will specced alt.
2. I train BC V up to 99% finished, taking advantage of the perfectly matching attributes.
3. When the patch goes life the invested SP will be refunded and I'll be able to spend them on something else.
4. For example Char/Wil leadership skills that aren't worth respeccing for.
5. ???
6. PROFIT!

Is that an accurate summary?

No. What has been acknowledged by CCP is that no partial levels are given out. eg no racial BC 4.5. Which leaves two options:

A) Any SP invested towards an unfinished rank will be lost
B) SP spent training on an unfinished rank will be refunded.

My prior experience suggests that A) is very, very unlikely.

Actually it's pretty much precisely what i would have expected (technically it's the easiest since you simply copy a field in your DB to 4 new fields) before Calapine wrote it was acknowledged to not happen. Some acknowledgement that must have been :).