89% applicants carried across the threshold

Funds for Learning has reported that the USAC board approved the items on their agenda concerning the denial threshold for FY2011: no Priority Two funding at 80%, while 89% gets funded.  Now those decisions have to be approved by the FCC.  So here we are, with 2 months left in the funding year, and no applicants below 90% have received P2 funding approval. And since the next board meeting isn't until July, applicants at the 81-88% discount level won't know about funding approval until after the funding year is over.

Does this look broken to anyone else?  I'll say it again: set the denial threshold before the opening of the window.  That should be easy, since it looks like the threshold will never again fall below 90%.