I have not seen much lag at all in iTunes Connect. I submit my app and within a week they approve it. All updates are also taking less than a week.
The app has hit #6 for top paid travel apps in about 10 days. You should check it out to find the best airline prices.
"iFare Finder" in iTunes
http://itunes.apple.com/WebObjects/M...e?id=306154766
