What I read:
http://blogs.edweek.org/edweek/campaign-k-12/2010/03/xx_states_are_named_race_to_th.html

Fifteen states plus Washington DC, out of 25 state applicants have made the cut and will now send a team to Washington the week of March 15th, to make presentations. The finalists are:

Colorado, Delaware, the District of Columbia, Florida, Georgia, Illinois, Kentucky, Louisiana, Massachusetts, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, and Tennessee.

Winners will be announced in April.