I'm on it, too, as of today. I never thought I'd be pretty excited about a Waitlist, but this definitely beats a rejection! I am right at 25% LSAT, < 25% GPA -- which makes me definitely excited if I actually get off this thing.
One thing that concerns me: LSN shows 90 people accepted, 87 (87!!!) people Waitlisted.
Is there really any hope for getting off this thing?