By now, everyone knows that a International Theological Commission was, well commissioned, to study the question of Limbo and more specifically, what happens to children who die before receiving the Sacrament of Baptism. (that's right Sacrament NOT initiation!)
When a report, or if a report will be issued, we do not know. Time Magazine has picked up the story :
Time on Limbo
Time accurately states what is at stake and that is the Church's teaching on Baptism and its necessity for Salvation.
New Advent treats the topic comprehensively and gives the Scriptural and traditional teachings on Limbo :
So don't be fooled into thinking that there is no Scriptural basis for Limbo.
On the topic of the fate of aborted babies you can read here:
I think a statement will be released that says we trust in God's mercy (which is really what Limbo is all about) and we hope for God's mercy and people will draw their own conclusions. Will this result in fewer babies being baptized? I hope not.