Is anyone else experiencing extensive processing time with MEPS?

MEPS is not the waiver approval authority, its the branch of service you are applying for. I am assuming by your post that you have a medical disqualification, as well as an RE Code, that require two types of waivers. MEPS schedules the psych consults, and any other medical consultations the waiver authority requests (for the Army, medical waivers go the USAREC Command Surgeon). Have no idea what you are waiting on. Can you be more specific as to what the MEPS action is that is causing a delay? Whatever that action may be is probably required in order to submit your waivers. Ask your recruiter what the MEPS action is that you are waiting on, because it is not the waivers itself. Also, FYI, you are not attempting to "re-enlist" because you are not a currently serving service member negotiating a new contract to replace the expiring one to continue service.