Dear Rakesh,
I would appreciate you, if you would have tried to understand the issue of PE2 students properly.
Secondly, the syllabus of PE2 and PCC/IPCC does not have huge difference that you mentioned. only difference i felt is on Central Excise and VAT which is of 25 marks out of 600.
Also, don't thoroughly under estimate the PE2 students as a failures. See, i have appeared only once in PE2 and cleared the group1 on the same attempt. Presently waiting for group2 results.
We are always willing to convert into PCC/IPCC, and don't have any fear on that too. But, till date no notification is given for PE2 students as to conversion. suppose the result is declared on 28th August, we have only 2 month left for our studies for Nov 09. Also, we are unaware, whether we have to appear for PCC/IPCC. the conversion paper works also takes time. so, overall we PE2 students are in a confusion as to what magic will happen to appear in the november attempt.
if PE2 extended one more attempt, there is a slight chance revise the entire syllabus in those two months. other wise, we will lose one attempt, without our fault.