The Episcopal News Service reports:
If a proposed Anglican covenant is released in mid-May for adoption by the Anglican Communion's provinces, Presiding Bishop Katharine Jefferts Schori will "strongly discourage" any effort to bring that request to the 76th General Convention in July.
The dates are that the Covenant Design Group meets in April 2009 from when would come another draft. The Anglican Consultative Council (ACC) meets May 1-12, and this is the version that could be adopted. The Episcopal Church 76th General Convention meets July 8-17, and the Presiding Bishop thinks time is too short. It meets next time three years later.
Is two months enough between sending out and deciding upon it? If groups were swiftly organised, it could be, and with any doubt about it then it could be rejected. However, rejection would feed the opponents. Instead, take a lesson from British Governments. If they don't know what to do, they organise a Royal Commission to look into something. That usually goes on for a very long time, sometimes until after the issue has died down or something has overtaken the matter.
So, yes: keep it alive and kill it at the same time.