In all fairness, the waiting seems terrible now, but in some ways that's a fun part of the process. At this point, there's still some uncertainty and you never know what could happen, for all you know you'll be accepted everywhere. So you fantasize a little about where you'll be a few months from now, who your adviser will be, and dream of being a doctoral student in a program you love, especially if you aren't already in grad school... The reality of budget cuts, departmental bureaucracy, shabby treatment, annoying fellow graduate students, poor advising, and lack of job openings in higher education aren't at the forefront. The future holds limitless possibilities, every email is a possible acceptance, every voicemail or unknown number a professor saying, "I love you, I've got money for you, call me."
At this point, you've only begun the wonderful journey of anxiety about acceptance, validation from others, and financial worries that is a 5+ year doctoral degree, but also the bonding process of commiserating with others in a similar situation when everyone else says, "you don't have a real job." I would say enjoy it.