On top of my experience, I also have a lot more time to work with for the second issue -issue 1 was part of a project for my literary editing class; from now on, it's solely my project. I'm hoping that eventually I will be able to set up a website for L&F (at the very least I'll be setting up a blog within the next month -if I forget, someone remind me).
The next issue will be published in April of 2010. It's not an eternity away, but it gives me so much more time to get L&F just how I think it should be.
On to the exciting part: the submission process and the prompt!