I'm not happy that my money is not under my control; but provided it is now safe, and provided there is reasonable expectation that the legal stuff will eventually be sorted out and I'll get my coins back, then I can live with a delay.
What I would like to hear from liquidators/mt.gox is that that expectation is reasonable. Have Mt.Gox got our money? How much of our money have they got and how much has been lost? It's still not clear to me what percentage of my coins are being held by a trustworthy participant. (Yeah, yeah, I know -- "0" is the answer).
The liquidator estimated that the combined value of BTC and USD in the Bitcoinica MtGox account/s was $500,000 based on the information with which he'd been provided and he was waiting for MtGox to confirm that - but that estimate was based on BTC being worth USD 11.
There was $85,181 in Bitcoinica's bank accounts and there should be no impediment to the liquidator obtaining control over those funds.
According to the first report, the value of Bitcoin claims was roughly five times that of USD claims. At today's rates, the 65,057 BTC claimed are now worth almost $2 million, compared to the $765,000 they were worth in November.
One potentially problematic issue is that although 40,000 BTC were stolen in the MtGox intrusion, only 20,000 BTC were returned. Although more USD was returned than was stolen ($60,000 more), movements in Bitcoin price since then mean those missing Bitcoins now have a value of ~USD 600,000.
Obviously, it matters a lot whether the majority of remaining Bitcoinica funds held on MtGox are held as BTC or USD - and that information is currently unavailable.
As pointed out by MPOE-PR, MtGox could actually refuse to acknowledge the authority of the NZ liquidator and choose instead to acknowledge the authority of the California court if the Cartmell plaintiffs prevail and seek domestication in Japan of the California court's order (which you can almost guarantee will happen if MtGox still holds Bitcoinica's funds when the California action is decided).