It takes maybe 30 minutes to fill out, but the O(days) approval latency is what absolutely killed me. No way to do impromptu commits to random non-Google-license-approved projects, no way to hack together something with friends over a beer, no way to quickly bash together a proof of concept and release it the same evening.

It might work for people who chisel away at their own long-term one-person pet projects, but breaks down if you're used to quickly hacking away collaboratively in various groups. Especially if you're an active member of a hackerspace.