Mike called me to tell me it was the best family game they have seen in 9 years of searching and that they were probably going to do this one and would let me know in Feb after Toy Fair. The following March they sent us a down payment of $20k with a 30 day option Agreement. Guess what? They didn't pick it up.
I just wanted to highlight this to re-point out that even knowing someone like Mike (Gray, I assume you're referring to -- nice guy!) doesn't mean your game gets published, even if it's awesome. It gives you a bit of an "in," but it's a very tiny one.