I know the consensus here regarding admissions is to apply early, I think that applying later on in the process has its advantage. I applied early to many schools and received a lot of dings, but what amazed me was a WL at a school that I thought would have a rejected me flat out. I think its safe to apply to many places at different times. Early admissions is probably the best chance, but i think sometimes applying later may help you out. If a school hasnt hit its numbers, it might admit quite a few who might have been rejected if they applied early. I have just noticed quite a few people who apply in March and get an acceptance a few weeks later with so-so stats. Just a little quirp for some potential applicants.