Do we have any idea when the announcement is coming? Or are we still "soon" and vague.
The easiest answer to your question would be: soon.
But, in reality, we have to wait for Peter until he has everything ready and can reveal the beast (deal).
How long will it take? We have no clue at the moment, whether it will take another day, week or even month.
You have to be able to deal with this uncertainty, as this is how investing in altcoins looks like.
What is important however is the high potential of the possible changes and there you go with, possible, high reward.
If this risk/reward is too high for you, try to look for the opportunities in another market.