#4 - Sept. 15, 2010, 1:11 a.m.
The character should lock once the process is initiated but even if you can log into the character it should still be in queue for transfer. I'd recommend not logging into the character though as that could impact the wait time for processing further.
Transfers appear to be going through, though they are taking longer than usually. Which is actually normally for maintenance days. :)
Give it time, if you need to check on your character's progress use the transaction page link as Shandiee indicated.