Most likely not due to stage 4 noise abatment.
That will likely spell the end of the 727. Stage 4 goes into effect in 2008 I think though I'm not positive.
I fly the 727 and it will be a shame when they are finally gone. It is such a nice airplane to fly.
Flights on the 727 are usually between 1.5 and 4 hours.
THe best thing about the 727 is that you really have to fly it. Just like that 172 or Warrior you will learn in.