Just following Albert Breer's timeline on Twitter (Reporter for NFL Network):
Brady class lawyers Jeffrey Kessler and Jim Quinn just sent mass email to players and agents, declaring the league year open. I have a copy.
Quinn/Kessler on NFL pursuing stay: "Unless and until such a request is granted, however, we believe the 2011 League Year now has to begin."
Quinn/Kessler: "The NFL and the Clubs cannot collectively continue to refuse to deal with players. It is our view that the NFL ...
"...&the Clubs will be in contempt of court if they do not comply with the order unless & until they hear differently from the 8th Circuit."
That email just went to players and agents, from Quinn & Kessler, sayings FA should be open, players be allowed to work out, meet w/coaches.
From the sounds of it, the lockout is over until the 8th circuit rules, thus Free Agency and trades will be open! Great news!