Skywest 5741, hold...Hold, HOLD!!!

Diagram that shows where the two airplanes ALMOST collided.
(taken from FlightGlobal.com)

More and more people fly as time goes on. My friend May who lives in Sanford, can coordinate a trip to fly to Taiwan to meet her other friends from different countries flying to the same destination. In the past, traveling from one U.S. city to another meant spending weeks on the road. Now, I can fly to New York City from Orlando for one weekend to attend my mother's graduation.

So it is no surprise that runway incursions are on the rise. FAA reported 330 incidents in 2006. People have been screaming bloody murder for an ATC reform for a very long time, and though there is a plan, implementation phase is slow in coming.

Skywest narrowly missed a collision with Republic Airlines Embraer 170 because the pilot from Republic Airlines rotated (pulled up) earlier than usual when he saw the Skywest on the adjacent runway. Embraer makes light jets, therefore such a maneuver was possible. Imaging if it was a Boeing 747 adjacent to Skywest, it would have been Tenerife Part Deux. An article on this matter can be found here.

Bear in mind that this type of incursion usually happens on airports with runways that criss-cross each other. Tampa International (TPA) and Orlando International (MCO), for example, have parallel runways only, so the chance of such an incident happening on both airports are rather slim.

FlightGlobal also posted an audio stream link to the actual ATC transmission during the incursion. Link can be found here. You can tell, after the incident, that the voice from the Skywest pilot is audibly shaken.