Hi Wayne,
Yes, that's pretty much it!
If an application has got a PER from the CIO, and they are confident enough that NOTHING might raise in the background and documentation checks, and of course the security and medicals, nothing could stop them receiving the PR.
As for the AOR from the VO, they may not have received the physical files yet, and may be they send out the AOR first while they ask for the PCCS(if not submitted before) etc., and then put the file on queue for the Background checks.
As for the time-lines, yes i too guess May and June 2011 or even before that for the faster VOs
.
Thanks,
Indira Prabhakaran.