My project holds promise, if nothing else.

"If a sponsoring editor decides that your project holds promise for our list, he or she will seek, at a minimum, two outside reviews for scholarly projects and one for trade books. To allow for careful consideration of a project, we give our readers six to eight weeks, on average, to complete their evaluation. The review process typically takes three to four months, depending on, among other things, the nature of the project and the availability of reviewers. "

So, now I sit and wait another three or four months. Lovely.