I'm planning on applying this year, finally. I graduated in 2009. I "took a year off," and it is hard to find the "right" time to get back into academics when you've already put yourself outside!
I'm extremely anxious about my grades and record, and concerned about my LoRs. I transferred to my degree school, and while I was very focused and took quite a few classes with two particular professors, and know I made a fantastic impression on a third, one of the two professors I worked with doesn't like me very much!
The combination of transferring, plus a lame GPA (3.5ish), plus the concern about the LoR? Well, you can see why it's taken me 3 years to get around to applying.
Still waffling on how I'm going to approach applications -- MA versus MA/PhD, US vs. international, English vs. Medieval Studies. I think I'm actually using GRE study as an excuse not to face all those heady problems right away.