I went and visited SMU last week and they said that they couldn't tell me how many people were on the list, how many they expect to accept off of the list, or when they would activate the list. According to both top-law-schools.com and lawschoolnumbers.com, there has been no movement.
I'm hoping they let us know sometime in the next two weeks. I'm pretty sure I am pulling out of every school and waiting for SMU. If it doesn't work out this cycle, it is likely that I will wait and apply again. Hopefully it won't come to that.