My understanding is that Apple now approves most apps in a few days.
Your understanding from personal experience, from Apple's official stance, or from what you hear from a few developers?
It seems as if Apple can decide to block an application without actually rejecting it (in order to keep the FCC of their tails) - I'm currently on day 63 "In Review" with an app which I now consider (unofficially) rejected by Apple
HOST SYSTEM NOT RESPONDING, PROBABLY DOWN. DO YOU WANT TO WAIT? (Y/N)