Detectability of periodic gravitational waves by initial interferometers

I review three recent theoretical developments in neutron star physics predicting that rotating neutron stars could be very strong emitters of periodic gravitational waves. These imply a small but nonzero chance that ground-based interferometers could detect their first periodic signal in the next few years rather than after advanced upgrades. They also imply that upper limits will become astrophysically interesting before advanced upgrades. I discuss the implications for near-future searches and for the astrophysical payoffs of proposed small upgrades to initial interferometers.