Hi Tim,
For most domain owners, the new registry transition will never be noticed. It it however noticed a lot by us Registrars and drop catchers as there was a bit more to change than we initially anticipated, especially making changes to support 1 year registrations.
So the most important things as I see them right now is auDA actully make some policy changes and quickly, it needs to remove red tape, lots of inconsistencies in the policies that just needs some common sense decisions made. Such as if you now register for 1 year and later decide I want my domian registered for 5 years instead, well right now you can't as you can not renew a domain at anytime, only when you are 90 days away from your expiry. So you will need to wait 9 months before you can then renew of 4 or 5 years. Renewals should be able to be done at any time. If a domain owners wans the peace of mind to renew early then there really is not reason why they should not be able to.
Silly things like, and there are many like that, that just need to be removed from policy so that we can get to business.
As for Drop catchers looks like we will have a little break from 1 July till everything is working smoothly as there will be no drops for upto 14 days. We will be advised when the actual date that drops will start as it could be 1 day later or upto 14 days.
In either case get ready for one of the the biggest drops in history as when it starts all the names will be dropped that day.
Cheers
David