My business partner Jannik Skou is attending the ICANN meeting in Seoul these days. He tells me that first application periode will most likely be postponed once more and that ICANN works with no official timeline at the moment.
ICANN has to solve all overarching issues in a more thorough and what they refer to as "swift" manner.
This new situation causes a lot frustration amongst those organizations and companies that have invested heavily in engaging in applying for an promoting new gTLDs, be it regions, cities, private enterprizes. On the other hand most brand owners are probably satisfied - this will give them some time to decide and it might indicate that some of the IRT recommondations will be taken into considerations once more.