Time: 2013-01-31 11:03:29 UTC
I had suggested this edit. Me having less than 2000 Reputation sends this edit in Review Queue for approval of members with more than 2000 Repuatation.
Time: 2013-01-31 11:04:04 UTC
Another user with more than 500 Reputation but less than 2000 Reputation edits the tags of the question - Revision 2. Since we get the privilege to retag questions at 500 Reputation, this edit (retag) overwrites the edit suggested by me (sent for approval) - it shows as Community rejected the edit.
This looks like a bug to me.