Once I pinged her at her new address, she got back to me with an update within 12 hours. Given the glacial pace of the publishing industry in general, and the kinds of delays that individuals in gatekeeper positions can get away with as a result, a 12-hour response time is downright impressive.
So here's the word: She just got the ms back from two readers, and reading it herself is on her docket for next week.
My wild speculations on the basis of this tiny bit of information: If two readers have read it and told her what they thought of it, and she's still planning on making time in her schedule to read it herself, then the readers can't have thought the ms sucked too badly. After all, why would she have readers, if not to cull the pile and protect her own time? So, two people whose job it was to say no have not said no. Whoever they are, I wish them a spring full of crocuses.