As you wish.

They said they would give 24 hour notice before trading starts.  The only change they made was not open the site with trading closed earlier.

They still gave 24 hour notice of trading opening.  You just can't get into your account as soon.

see also this thread: http://forum.bitcoin.org/index.php?topic=21545.0

At this point, we've waited long enough.

However, I don't want it to open without everyone who is planning on trading having a chance to make orders, transfer money potentially and prepare.

See, they're removing all prior orders. That means, when they open, only those placed in that hour will exist. That gives the market the potential to flash crash again simply due to not enough time to put in supporting orders.

That, and looking at the depth chart and moving orders around before market opening will help confirm market confidence (or lack thereof). Also, it'll be fun tactically.

Also, they're setting themselves up for an unintentional DDOS. The site is going to be swamped for that hour prior to opening as well as the opening itself. At least by waiting 24 hours, the first bombardment could be avoided.

If Mt. Gox delayed trading for a long enough period for people to get their money out, everybody would pull out their cash. We know Mt. Gox loses some money in the "rollback", since some funds were transferred out before they stopped trading, and thus some transactions can't be rolled back. We don't know how big those losses were. If everybody pulled out their cash, Mt. Gox would have to make up those losses or go bankrupt.

I'd suggest pulling all funds out of Mt. Gox immediately after they re-open, and waiting a few days to see what happens next.

They have two guys, the owner whose name I don't know ("empty gox") and Adam the support guy and the English speaking public voice.  Oh ... and that mythical felonious "security" auditor.   Hell, they have made enough commission that if they closed, provided they could cash it all in for reasonable value, would probably just retire happily .... except they probably had to pay for a lot of "reversed" trades and they have that expensive lease on that posh suite in Tokyo (or so it has been written).  I think the hold up is because they have legal council (for both defensive action and to make sure they don't screw this up worse), lacking technical talent to actually get the job done and to get it done right (so they maybe brought in additional or temporary technical resources?), but more importantly, their users clearly have a lack of faith in them and they would like to open up on a good note, but that isn't going to happen ... might turn out OK, but there will be a flood of withdrawals with many not returning for awhile or ever.

Actually.. based on the previous deadlines mtgox set themselves and missed - I don't think we need worry that it'll be only one hour

yep, and most european users won't get up at 3 or 4 am to place a few btc orders, .. but at least old orders are cancelled

If entire orderbook is being wiped out then i'm in support of the opposite, less time not more. Most people are capable of using limit orders i hope ? Or are they complete idiots who need to cashout instantly ?