I received a revise and resubmit letter from my editor at Harlequin. It took about 3 months from the time I sent my query and manuscript to receive the letter.
She made some great suggestions and I feel like I should have seen some of the problems in the novel.
Her ideas sparked other ideas, and I am in the midst of major revisions. Major, as in I deleted 30,000 words of 73,000 word novel.
If I can keep to my schedule, I should be able to resubmit within 4 weeks, my goal for revisions.