It won't. (Both questions)
fwiw i just got an email confirming my registration
With AA, you can enroll for any promotion...doesnt mean you will get it if you were not targeted.FWIW, i have had success enrolling for a promo like this (which they have done several this year) while not being targeted.
I enrolled and flew the miles ... when does the status kick in?
no, but i applied and got the email that my account was enrolled