Anyone know what the chances are? I just received an e-mail informing that I am waitlisted.

"This year's applicant pool is among the largest and most highly qualified in our history. We have received nearly 1700 applications for our entering class of approximately 230 students, so competition for admission has never been more keen. At this time we are unable to make a final decision on your application, and have placed you on our waitlist. We will be able to finalize your status later this Spring. In the meantime, if you make other plans and wish to be taken off the waitlist, please let us know. "