Both manuscripts have now been published. Thousands of people have read them. About a hundred understand it very well. Faltings has simplified the argument already. Diamond has generalized it.
People can read it.
The immensely complicated geometry has mostly been replaced by simpler algebra. The proof is now generally accepted. There was a gap in this second proof as well, but it has been filled since October 1994. For the past couple weeks, I've noticed bleeding, and even occasionally a protrusion, during my bowel movements. I've also been experiencing intense itching and pain.