Just a quick update:

Applied on 2/7, conditionally approved on 2/8, had my interview on 2/9 at LAX and I had a "welcome" letter in my email about 20 minutes after the interview.

Doesn't get any easier than that! The CBP guys at LAX were awesome...friendly, nice, a sense of humor and had me out of there in less than 15 minutes! Plus they took me early, which they obviously didn't have to do. Very excited to use the new program in the next month or so!