After a long gap:

The Draft Anglican Covenant is still wandering around the world. Critical comments (in some detail as well as summaries) are on the MCU site: http://www.modchurchunion.org/Covenant.htm. Progress in the General Synod can be followed through Thinking Anglicans.

There's also a paper on the way in which the Powers That Be are trying to bounce the decision through Communion by giving no-one a public voice on its contents (and therefore enabling a few people - whoever they are - to draft versions in private).

I believe this is wrong in principle and ineffective in practice. It will simply create a legal system which no-one cares for and, possibly, will ignore as soon as it makes a decision that is disliked.