You should mention that this is pure speculation on your part. There is definitely the possibility that the judge may approve the plan as originally conceived. On the other hand, she may not. We will just have to wait and see.
At this point in time it is probably best that everyone stop speculating and wait to see what happens, especially since none of us have any influence on what the outcome will be.
For my part, I am hoping that everyone invested in wamu will benefit financially at the conclusion of this bankruptcy.