to sundance or not to sundance?

So here's my dilemma: the early deadline for the sundance film festival is august 15th. the regular deadline is september 15th, and the late deadline is october 15th. there's no way that i could submit PRAXIS by the august 15th deadline, and submitting any film by the late deadline is a sure bet that it won't get in. the question is: should i submit my work-in-progess to the september 15th deadline?

this is a tough decision. the rough-cut is still not finished. it needs a lot of work done to it before if can be presentable. if i decide to postpone the festival submission, then i would have to wait another year before submitting it. i would also have to work all of my contacts to increase the chances of getting into sundance. this would mean that i would have to submit the film to each and every person that i know who might know someone at sundance, and hopefully get their recommendation. as simple as this seems, this is a very difficult and long process.

the deadline for this year's toronto film festival has passed, and the festival is in the middle of september. getting into toronto would increase the chances of getting into sundance. but realistically, is PRAXIS at a stage that this could be done?

i'm waiting to hear the status of PRAXIS for this year's IFP Rough Cut Lab. i should prolly use this feedback as a gauge of whether the film has enough potential, and/or if it's ready to be submitted to festivals.

or maybe i'm just being impatient...any thoughts?