I was definitely not expecting much welcome from any particular T14 school, but as others have mentioned, a shotgun approach might suit me best ($$ is not a factor if the potential reward is T14 acceptance).
I am applying to Sep. 2010. I know it's late but I'm sending the apps out tonight.
My GPA trend was something like: year 1 (2.5), year 2 (2.4), year 3 (2.4), year 4 (1 year coop term), year 5 (3.9)
I am writing my PS with my 1-year coop as the topic. I want to show that the coop term was an important transformative step for me, since I went back to school and scored a 3.9 in the final year without easy courses or a light load.