I received an email on the 15th (two days ago) that my plugin had been approved and within one hour would be available via SVN at http://svn.wp-plugins.org/textme/ . Here is the email:
Your plugin hosting request has been aproved.
Within one hour, you will have access to your SVN repository at
with your WordPress.org username and password (the one you use on the forums).
To get started, look at our Using Subversion page:
We've also addressed some common questions:
2 days later, there is still no folder in the WordPress Plugin SVN. I actually had submitted a different plugin before that (Digg Protector) and got an email today with approval. That folder is in the SVN, but this other one (that sent me an email earlier) is still not there.