How long does it take before it starts. The status is since 2013-12-02 13:21:02 UTC unchanged at "queued"

Deposited amount is 10m฿

The deposit will be activated as soon as new hardware will be ready, as it is stated earlier in this thread.
Currently waiting on 28nm deployment (which is much cheaper than the previous ASICS). Unfortunately it's in the same timeframe as KNC announcing their 20nm preorders :-/ March of progress I guess. Although no one is near 20nm deployment yet.
KNC 28nm efficiency vs Bitfury 55nm efficiency was pretty poor so I'm not so sure it will be a big deal, especially if the hardware is Cointerra (My Theory/Conjecture) which is posting some pretty nice stats thus far.