I'll tell you what I know, which isn't much. You might get more detail over at Doug's.
Apparently the Fiber411 guys have decided that what folks have been telling them all along is true: the petition method they are attempting isn't valid. Details from my informants are confused and not particularly consistent.
Here's what appears to be going on: Fiber411 called a press conference to announce: OOoops wrong ordinance. And also to ask supporters to call the council. The consolodated government called a conference to say. Yep-those guys messed up. And to say that the Home Rule Charter Rules.
More as I get reliable info. Hey folks, some of you reading this know more than I do. Use the comments!