I have find this evil, but like most things KayLi do, they are! But only evil in the sense you tempt me and I'm sure many others into speed apping just for the sake of speed apping. Which is the wrong reason to app! For me at least.
As for extending the deadline, I think it's a good idea too, at least for this round. I don't think it'll be a problem for us in later ones because the APT mod just took a meme and decided to host it the last Sunday of every month. So... that should give us at least a few days to try and entice people to app in!
I do wonder how late would late be? Because while I do like this idea, I wouldn't want app acceptances to practically follow on the heels of the new day post going up. But, if say all the apps were accepted before noon PST tomorrow, that might not be so bad because we could just do intro posts rather than having the Monday meme which usually means most people can get to it before the day post.