Forum Moderators: open
I'm giving the other editor the first shot at it. If they list it, fine. If they delete it, then (next month or whenever I check that pool again) I'll do my review.
If the other editor takes the same approach (and I know several who do) then nothing will happen until a third editor who likes cruising for duplicates happens by and decides to delete one of the pair.
Of course, that third editor may not be a specialist in the area, and so may not know which to delete. If they leave both, then the suggestion remains in limbo.
Check over at the place we aren't allowed to mention here for how many threads start:
Q: why has my site not been listed after n months?
A: editors have been deleting duplicates...
The ODP (I assume your question was intended for DMOZ) has guidelines to reduce the possibility of extended review times. For best results stick with the guidelines.