Lots of testing, review, mentoring, deciding if they are appropriate, fixing bugs that no one has fixed, implementing features that no one has fixed, answering questions, triaging issues, and lots of code review.
The time for python 3 can come later, but right now, I feel loyalty to dealing with all the other stuff first until the time comes.
There's a bit of the "tragedy of github" in that it encourages code contribution and lots of extra work before asking if a project is wanting to go a certain way, so we do feel like we have to help out most of these PRs and try to negotiate reasonable compromises and implementations, and that takes a lot of time.
For this reason it's almost always easier when someone has a feature proposal, if we discuss "what should we do for X" somewhat in advance, as otherwise we spend a lot of time trying to massage those things in.
Not so much a discussion of Python 3, but why the queue takes as much time as it does.