In a way I think it's a good thing that Steve was unable to get it for Escape Pod, unless he'd managed to get Neil to read it (or I suppose, pass along his reading of the story) as I don't think anyone else would have got it quite right. It's much of a piece with the other 'autobiographical' work that Neil has written (in quotes because it's a mix of stuff and situations from his childhood with fantastical elements mixed in) it reminded me of 'Violent Cases' and 'Mr Punch', two brilliant longer form pieces, with art by the mighty Dave McKean.
It uses a device, I'm not quite sure how to describe it, false cluelessness?, where the narrator is less aware of what is going on around him, in Mr Punch the narrator is remembering his childhood and doesn't understand the web of adult relationships going on around him and, though an adult now, refuses to editorialise on what he understands now that he didn't then. I know this sort of thing irritates my friends who aren't or who have fallen out with Gaiman's prose work now he doesn't write comics so much. To me, the conceit of the story wouldn't have worked if it hadn't been Neil reading it, but to whoever it was who said the narrator should have worked out what was going on straight away, are you saying that you've always been completely aware of what's going on around you every second of the day and have never been distracted at all by the prospect of a glimpse of metaphorical stocking?