In honesty Nigel, I applied for mine last Jan and the whole process probably took about 2 weeks. That was for a channel partner TAG, this year we applied for accredited partner and again that process only took around 2 weeks. We're looking to get membership secured this Summer, but in my opinion it's certainly a worthwhile investment in our industry.
I never liked Daily, it seemed too rough around the edges, old code etc. I'm using Fasthosts at the moment, taking advantage of their £1 .UK registrations, but I will look into 20i