Common Cause has announced that the Jerusalem Declaration will be signed in Wheaton on Dec. 3rd, following a convention of leaders responsible for the drafting of a constitution and preparation for the new Anglican province in North America. The event is open to the public so that all can come and affirm the declaration; if I'm able to attend I'll certainly report back about it.
This event will establish the new Anglican province in America that his been so long in the making. Apparently 100,000 Anglicans throughout North America make up the federation that is now taking the next canonical step towards provincial recognition. The Primates' Meeting in February will see a significant primatial recognition, already pledged since the Jerusalem meeting this past summer.
Bishop Robert Duncan of Pittsburgh will lead the new province, and Archbishop Rowan Williams has already instructed him to submit an application to Canterbury for the recognition of the new province.
How this will work out in the coming months, it's hard for me to say. I simply haven't been keeping up with the news on the Anglican Communion and need to do some more research. One interesting comment that I read today mentioned that it will be difficult to continue recognizing the validity of the Episcopal Church (TEC) if the new Anglican province in America approves of the eventual Anglican Covenant while TEC does not. Although the Covenant has been received with some suspicion by liberals and conservatives alike, this observation might be the most accurate to how things end up playing out.