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On July 24th, he upgraded to playing catch from 140 feet and, after that, no further comments have been made. There is no timetable even for a bullpen session, let alone rehab. Iwakuma may never pitch in the big leagues again.
Felix should be back in early September, assuming no further setbacks, but I think he will be very limited and it may be wise for the Mariners to finish the season with a six-man rotation or to piggy back Gonzales with Felix (or somesuch), limiting the King to 3-4 innings at a time. His shoulder needs a full off-season off.