A would rather they just place a legends tag on all of FFG and let them have the ability to do what they want. If you read anything from the WotC Saga edition, one of things the lament is the long amount of time it would take to get anything approved. Anything that was new or different seemed to need George himself to come from on high and personally bless it. I would rather have the situation WEG had when they could go in different directions and try strange new things. So make it legends and unleash the imaginations of FFG to run wild.
Actually, the approval process for WotC's Star Wars books (at least by the time of Saga Edition) was generally pretty quick, with much of the time needed for approvals already accounted for in the book's development. The only timing issue WotC had was with the Force Unleashed Campaign Guide, and that wasn't approvals but rather the book being part of the whole multi-media tie-in for the Force Unleashed video game, which got delayed due to LucasArts' inability to met their deadlines. The main reason there weren't a lot of Star Wars sourcebooks under the various WotC systems was that Star Wars was a secondary license for them, and thus didn't get the kind of attention that fans felt it deserved.
And while we've just heard about it, I wouldn't be surprised if the whole "Legends" set-up wasn't something that those who needed to know (such as FFG) weren't on some level already aware of. Even then, I'm sure there will still be an approvals process, as that's the norm for any licensed product.
Besides, you want to see an example of horrid approvals process, you don't have to look much further than BioWare and their extensive delays the approval of Set 3 for Green Ronin's Dragon Age RPG. Granted some of the delays have been on GR's part, but when they've had to wait nearly a year to hear back from BioWare... yeah, sometimes dealing with licensed properties can suck. Cubicle7 apparently had similarly issues with their One Ring RPG in dealing with the Tolkien estate (including having to yank PDF copies off their online store and PDF retailers such as DriveThruRPG).