Hi Woody
There was talk a while ago about the fact that perhaps a small business course might be a better option than doing an exam however this has never progressed as far as I know.  The ITO currently have some information on their website asking for submissions regarding consultation about "Certifying" level formal study i.e. a pathway to Certifying status that you would follow before sitting the exam (could be distance learning type stuff).  It doesn't look to me that they are contemplating doing away with the exam anytime soon at this level - I would study and sit.  (You could always ring the PBDB and ask them if you wanted).