The answer to
Will the CoC apply here, when it is finally sorted out?
seems to be "there is no 'will' and 'finally'". The blog entry posted on october 10th shows (some?) of the controversial changes to the CoC. The two changes regarding the section labelled "No Bigotry" (which seems to bementioned in the most controversial change)blog post are already part of MO's CoC. I cannot say whether those lines were there before a couple of days ago, but they are there now.