Will be rejected, the item description is on the upload process, you can write in a box for this , for the preview image you need to upload a screenshots.zip with the image inside.
I notice that , the end of the world
Is relative, since reviewers are human beings .. they manage the time, also depends on the queue list. In my persona experience I never took more than 1 day . Once they rejected me in 20 minutes xD (the fastest) ..
yay gz !
The PSD category is the most difficult to access, the design must be very creative and pixel-perfect. I can not see the images in full size, but it seems that with some improvements can be a HTML.
Also remember check the validation that throwing one error