One of the most discussed changes was the name of the letter Y. Currently called "I griega", it was said that it was due to be changed to "ye". Well, a member of the RAE has just said that they might back down and keep the name of the letter unchanged.
In the end, this looks like these reform announces were released to see how the public reacted.
The definitive decision will be taken in an upcoming meeting of the Academias de la Lengua Española in Guadalajara, Jalisco (México).
Here's an article (from an extremely conservative newspaper in Spain, with all the implications) that explains the back-down in the "Y" change.
Anyway, we'll keep an eye on this.