This might be old news, or it might not even be news. However as I watch out for all things Apple, iPhone and AppStore related. I found this posting by a developer who had submitted his application to the AppStore on Saturday and saw it approved on Monday.
How do we know about the improvements to the approval process? Well, its our experience. We submitted a new application Rewards to AppStore this Saturday and we now see it approved already, early hours of Monday (The app should be live in AppStore in few hours from now, which is typically the case). Frankly, I wan’t expecting the approval email till next Fri/Sat. I was little bit surprised with this.
You can follow the developer and read his blog post on touchmeme.wordpress.com