Hey all, I remember going through this process last year, and how nerve racking it was. I'm happy to answer questions if it will help put minds at ease.
The way it worked last year, a bunch of people had their status turn from "complete" to "decision" after midnight on Monday, April 7 (2008). Most people who went "decision" at that point were admitted, and I had my letter the next day (I was on the east coast). Of course, no guarantees that they do it the same way this year.
A great way to get educated about the results of the GULC transfer process is to look back at the messages on this board at this time last year. You'll see what we all went through, and most people were kind enough to give GPAs/ranks/school ranks, to help everyone else compare themselves.
If anyone has questions, I'll try to answer 'em as best I can.
Good luck to all.