Man, i'd be SOOO happy with a waitlist from Michigan. I think my rejection should be coming in the mail soon (164 with a 3.79). On the bright side, to get waitlisted by michigan, you must have had some outstanding "soft"factors, I don't know whether this makes you feel any better but that probably means you just a hella lot better person than those people who get in to top schools with just GPA and LSAT.