The waiver was for the 3% below DoD body fat standards that the Navy holds you to - i.e., Navy holds females to 33%, DoD to 36%. (numbers may not be accurate, it's been a while.) With the advent of 6110.1H, waivers became much harder to get anyway, so eh. This has been coming down the pike for a while. Plus, it could be worse - the AF PT standards have an abdominal circumference portion of the score. As in, your waist size directly contributes to or detracts from your score.
I'd also like to defend rope and choke as being something that even HR Umptysquat can quicky, safely and accurately perform with nothing more than a tape measure while keeping everything above clothing. That's what it's designed around.
For those of you in TW5, I can tell you that you will not wing if you do not pass the PFT (BCA+PRT). If you have a failure and subsequently finish advanced, you'll be on hold until you either pass a PFT or are attrited. I'll try to find more info on it, as it hasn't happened in a couple years, but the policy is there.