Undertaker, I say that you wait.
This is a big scandal and they will want to try to do something big to correct their reputation.
Your Kelley Blue Book is $13271 according to this page:
http://www.kbb.com/volkswagen/jetta...tent=buy-used&vehicleid=261648&category=wagon
Option #1) Find out what VW will offer you for a trade-in, and do a car swap. If VW offers you 200% of KBB (as some are suggesting), that's roughly $26.5k worth of a NEW VW. You go down the road and find the dealer of a car that you like. You ask him how much he would give you for the NEW VW if you drove it off the VW lot and sold it to him immediately. Let's say he offers you $23k. You've just made $10k on the swap.
Option 2) You take a cash compensation if they offer that and let them upgrade the car, then sell it.
Option 3) You let them buy it back from you at (my guess) 110-150% of KBB if they offer that.
I think that you come out ahead in one of these scenarios. This is what I'll be looking for when they offer terms.
You could also join the class action lawsuit and get compensation from that. I'm not going to do that until I know what VW is going to offer.
The suggested timeframe that I've seen for resolving this is one year. I think that the options will become clear quite soon - maybe in 1-3 months.