I do try to keep up with developments in Anglicanism, as you know, and so I feel kind of bound to link to this document Questions and Answers about the Anglican Covenant. Before you feel obliged to read it, it tells us absolutely nothing about the Covenant that we didn't already know. For example the question, What will happen if the Covenant is broken? - which is the only thing I've actually been agog to know since I first heard it mooted - isn't answered, and could be paraphrased as we don't really know, let's wait and see... They also quote the ABC on the issue, and that's not auspicious when you're looking for sharp answers.
As for me, I've been putting off reading those documents. I don't think you are going to read them either. I guess you've got better things to do, like the washing up, or making a cup of tea or cleaning out the hamster cage. As Vladimir said in Waiting for Godot,
"We wait. We are bored. (He throws up his hand.) No, don't protest, we are bored to death, there's no denying it."
So, it looks like we might just end up with an Anglican Covenant.