I was told by the applicant processing division that there would be a January '05 class. Wasn't told of anything beyond that, however. I'm sure that there will be a class in July '05. For the July '04 class, the applicant needed 60 credits before the entrance date. You could take the interviews and go through the rest of the application process as long as you will have your 60 credits by the Academy class date, and meet the other entrance requirements.
When you wish upon a falling star, your dreams can come true. Unless it's really a meteor hurtling to the Earth which will destroy all life. Then you're pretty much hosed no matter what you wish for. Unless it's death by meteorite.