You don't have to be dual boarded or even do a CL fellowship to do psychosomatic medicine. Any reasonably trained psychiatrist has the ability to do consultation-liason work. The path that graduates are taking are consistent with this position. Dual-board programs are having problems recruiting people (I think there is only something like 20 slots in the country now.). ABPN is also having problems getting enough people to want to be certified in CL to justify the costs involved in having the subspecialty. If you are interested in CL work, I would recommend that you find a general psych program that gives you good exposure to a strong IM program, strong consult psych rotation, a strong foundation in psychopharmacology, and a lot of elective time so that you can do more work in the area.