I just received this email from Netflix:
As of the submission by team "BellKor's Pragmatic Chaos" on June 26, 2009 18:42:37 UTC, the Netflix Prize competition entered the "last call" period for the Grand Prize. In accord with the Rules, teams have thirty (30) days, until July 26, 2009 18:42:37 UTC, to make submissions that will be considered for this Prize. Good luck and thank you for participating!
Indeed, BellKor's Pragmatic Chaos -- the newly formed coalition of 4 teams -- broke the 10% barrier to 1M dollar prize in the Netflix competition. Here is the post that describes how the team was named. Congratulations to the team!
As stated in the email, this submission starts the "last call" 30-day period to provide a final solution for the prize. Whoever has the best submission by the end of the last call period wins the Prize.