I submitted 2 apps at 9pm on 10/4 and they were approved at 2pm on 10/14. I submitted a different app at 4am on 10/4 and it was rejected at 9pm on 10/13.
So I would say there was roughly a 10 day wait. It will be interesting to see how the wait times change with this new in-app purchase for free apps. I would assume people either making changes to current apps or submitting new ones.
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