Well, as predicted the editing has slowed down as it progressed to the second sweep.  I'm down to about 95,000 words so maybe 20,000 still to chop and am just over halfway through my second pass through the book. I'm saving bits and prieces for the next book but nothing major.  Thus far I've managed to do most of it by thinning the existing text, shortening conversations and using tighter language, but I think I might get to the high 80,000s and then be left with only the actual meat of the story to make cuts to.  I'll see how it goes, but I think I may take more professional advice on what to cut before doing any drastic surgery when I get it to that point. 

I want it to be publishable but I don't want to rip the heart out of the story.  Anyway, on with the cutting...