I'm an honest person and a hard worker with a profile full of excellent feedback, but Odesk pulled the random "your account is on review" trick on me as well. After emailing them for a few weeks, I was finally told that the review was complete and that my account had been reinstated. When i went back to check it out, I still couldn't apply for jobs after an entire month. I can't run my business like that, which is why I've never been back to Odesk to see if the problem was fixed. I'll keep my 10%, thank you very much... DO NOT USE ODESK!
UPDATE 1-18-15: Once my account was finally restored, it took two weeks of emailing them back and forth to get the geniuses at Odesk to CLOSE my account. Good. Lord. Do not use.