Based on the fact that the media was allowed back in to the courtroom, I am under the impression that the COA gave some indication or made some ruling beyond the stay. I will say this, in my mind (not a lawyer) the fact that they granted the stay, especially in light of the JM's position against it and the nature of the Judges questions, seems to suggest that the Judges have also given much thought and possibly arrived at some conclusions regarding the Constitutional argument that was set forth by the press attorney.
I hope a transcript of the decision/ruling will be made available soon