According to the message boards, Pokerstars has started processing cashouts for U.S. players. I put in my request yesterday and will update when received. Most people are choosing direct bank transfer and it seems to be taking 2-3 days.
Full Tilt hasn't said anything yet but has said they'll be making an announcement next week. Let's hope they get their act together sufficiently to start doing the same thing. Tilt is - unfairly imo - being pretty well roasted on the message boards for the delay. We'll see if they can deliver.
In other news, the Bodog client still sucks.