Failed Level 2 CFA Band 9; Is there any sense taking CAIA Level 1

Sept 2011 exams. I am told 6-8 weeks is enough preparation and cannot bear the thought of spending another whole year with no additional qualification. Plan to start studying again for Level 2 June 2012 by Nov 2011. Any thoughts on the CAIA attempt ?

I’d wait until passing CFA L2 to take the CAIA exam. I took the two CAIA exams in the fall after passing subsequent CFA exams. If I had not passed either year, I planned to give my brain a 2-3 month rest and then hop back on the wagon.