And they're off!

Hold on to your hats: the FCC has approved the PIA processing standards. USAC has been processing furiously, so there is a big pile of applications just waiting to be approved. Look for a monster first wave just as soon as USAC can warm up the presses to print FCDLs.

Unless.... The FCC mentions "substantive edits" were made. There is a risk that a lot of applications that had made it through PIA will be thrown back into review by those substantive edits.

Of course, we'll never really know: the edits, like the processing rules, are secret.