I finally received a reply to my support email from PokerStars. It seems that they are replying to each email individually so they can address any specific concerns that their players might have.
This personal attention is what we have come to expect from PokerStars. Understandably, we can't expect the same speedy responses we've become accustomed too given the circumstances.
In case anyone is still waiting for an email here is the generic parts.
We were very pleased to receive the news that allows US players to cash out their real money balances.You can also find information at the PokerStars FAQ for USA Players. Note because the domain was recently released it might take a couple of days for the DNS changes to propagate to your local DNS and you might get a 404 Not Found Error page. Be patient.
In response to this update, the Cash Out option in the PokerStars Cashier will temporarily be unavailable, to allow us to prepare the technical solutions and formulate the plan and processes required to allow you to cash out your balance.
Please be assured, US player balances are safe. We will notify all US players as soon as the cashier is available to allow you to proceed to cashing out. In the interim, any pending cashouts will be returned to your account in order to ensure players have the opportunity to cash out orderly.
Providing you with the facility to cash out is our top priority right now, and hopefully all US players will be able to cash out via the PokerStars Cashier in the near future.
In the event that you are no longer living in the United States, and can prove it, you are free to play on our site from your new residence. However, to do so, you will be required to submit proof that you are actually resident in another location to have your privileges reinstated. You will be able to keep your VIP Status, as well as your yearly VPP total (as of April 15, 2011).
Acceptable proof consists of copies of photo identification as well as a recent utility bill showing your new physical address. Just an address, without actual proof of residency, will not be sufficient.
Once you have moved, and have the necessary documents to prove your new residency, please email the documents to email@example.com and we will assist you further.
We apologize for the temporary delay, and sincerely appreciate your patience and cooperation, as we continue working towards providing you with a solution to cash out.
Another email I received is that USA players cannot purchase anything from the VIP store. If you have any pending purchases they will probably be canceled. This does not seem to apply to cash bonuses that you can purchase from the VIP store.
I don't think PokerStars will screw us over. Things are just going to take time to work themselves out. I'm sure the same is true for Full Tilt Poker. I'm willing to be patient but I hope they continue to keep information coming out while they work on resolving these issues.
Update: Received the following email from PokerStars Security:
We were very pleased to receive the news that allows US players to cash out their real money balances.
In response to this update, the Cashout Option in the PokerStars Cashier will be temporarily unavailable to allow us to prepare the technical solutions and formulate the plan and processes required to allow you to cash out your balance.
In the interim, any pending cashouts have been returned to your account in order to ensure players have the opportunity to cash out orderly.
Please be assured, player balances are safe. We will notify all US and US territories players as soon as the Cashier is available again.
Providing you with the facility to cash out is our top priority right now, and hopefully all US and US territories players will be able
to cash out via the PokerStars Cashier in the near future.
If your account balance is over 4000 USD you will be required to send documentation at cashout stage. In order to avoid delays at that time
we kindly ask you that you scan and email in advance the following two documents to firstname.lastname@example.org:
a) A clear photocopy of your government issued photo ID (front and back).
b) A copy of a recent utility bill or bank statement clearly showing your full name, current address and statement date (no older than 3 months).
Please ensure that you clearly state your UserID. If you have already provided the above documents in the past, you are NOT required to send these again.
We apologize for the temporary delay, and sincerely appreciate your patience and cooperation as we continue working towards providing
you with a solution to cash out.