Interesting, thanks for your input as well! I am a recent graduate who is now taking some post-bac classes. I wouldn't necessarily want my abroad time to be focused on research -- teaching english would be great too. I'll be taking a year of mandarin classes this coming year and plan on applying to fulbright again amongst other opportunities. Now I'm debating whether to try again for the same research grant, seeing as I made alternate on a year when they sent out less grants, or for Taiwan ETA.
Again, thanks for all the help guys. This is the reason I stick around these boards even after I've heard my decision. Everyone is so helpful!
EDIT: Many people close to me are native chinese speakers (from north and south and a little in between), so it is a huge life goal of mine to be able to carry out a conversation with them in Mandarin.