I'm still waiting to hear from most of the schools I've applied to, but I thought I'd share an article I found in the New York Times:http://www.nytimes.com/2002/01/24/education/24GRAD.html
I knew that the slowing economy would produce more applicants this year, but check out the numbers in this article:
Yale apps up by 57%
U Penn up by 33%
Vanderbilt up by 47%
With increases like this, it doesn't seem like we can rely on last years numbers to estimate our chances.