[@Mr Allen J] You make a very good point, there. To be completely honest, I never expected the RP to be moving so quickly, haha. 
I might ask people to kind of slow down on character making if it gets too out of hand, but I don't think I'll be closing character apps altogether. Certain plots in the future involve new characters being added and others dipping out, and I'm concerned about people vanishing and causing large gaps character wise.

Thank you for your input. :) I hope that I'm not coming across as being too mindlessly stubborn or anything about this, haha.