Not quite right. You can totally prepare your cache, uncheck this box [Yes, this listing is active...], which would provide you with the cache ID #. When you have crossed all the T's and dotted all the i's, triple-checked the coords , checked your spelling, added TB's if you want, then you can check that same box and submit it for review/publishing. Usually it is published within 3 days.
When putting out a series of related caches, that way you can hold them all at bay, with (nearly) consecutive ID numbers. When all are ready to go, you check that box and submit them all at the same time (a note to the reviewer most always guarantees that they are published at the same time).
Leaving that box unchecked, can allow you to do whatever you want in preparation before actual submittal. Until it is checked, it never enters the reviewing queue.
One problem with this, I'm testing it, but even with that box unchecked it requires lat/long.