F. Mercury, haha really? Seems odd that they wouldn't just call it a regular old "waitlist" then, huh? Thanks a lot for the info though, it's definitely good to know what the deal is with the waitlist (i.e. one large pool of people).
Mr T, thanks a lot mate, that's really good advice about sending a LOCI and trying to get an interview. I don't know if BC has them, but I suppose it can't hurt to ask.