Sure, but the waste problem still has to be dealt with after the irradiation in PRISM. So, PRISM first and then the steak knives with the ARC:
"No reprocessing plant (Advanced Recycling Centre) is envisaged initially, but this could be added later.
GE envisages that a later application of PRISM in the UK could be recycling of used fuel from PWRs, and requiring the advanced recycling centre."
(http://www.world-nuclear.org/info/Current-and-Future-Generation/Fast-Neutron-Reactors/)
Cheers
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