Personally don't mind the wait, but I will be sending both products back. Wholecuts fit reasonably well - sized up from normal UK8.5 to UK9 as per Meermin's advice. Lacing still bit too open. Also no QC issues, very nicely finished throughout, sole especially. BUT, New Ray, at least in that wholecut model is a pretty ugly last I have to say. I like continentally styled shoes, especially a chisel toe (which I know New Ray doesn't claim to be), but that shoe/last is just ugly. Too pointy, and the vamp is appears very high, perhaps exaggerated by the three pairs of eyelets which are too far apart.
Belt was too short (brought a 32inch for my 31 inch waist), but more importantly too wide (at least 1.5 inch) and the buckle doesn't look very refined.
All in all, good quality, great value, but lacking in refined style, IMO. Now waiting for the Ilcea MTO to see how Olfe (in normal size) compares to New Ray. I will probably still order from Meermin, but just be cautious when ordering New Ray. Come on Meermin, time for a true chiseled last!
Can post some pics if anyone is interested.