I feel you guys. I'm pretty much committed to a small geographic region for career reasons, so I only applied to two programs. Rejected from one school that was a bit of a reach, and accepted but waitlisted for funding at my top choice--through their preferred source of funding anyway. Verdict is still out on another potential funding option that won't be considered until they hear back from other students on funding option #1. I won't go for a phd without funding, so I'm at the mercy of other's decisions too. I'm a little bit paranoid that everyone's funding is going to take a hit with this whole sequester thing, and that my fellow students will jump on funding opportunities where they can. Here's hoping they're accepted to bigger and better things.
General feedback from department and POI is that they want me in the program, they're hopeful, and they have their fingers crossed for me, with undercurrent of "patience, grasshopper". (Anyone else bummed by the "we want you!....but not enough to fund/accept you first round" sentiments, btw?)