Dear Flower,
i also sent in my application to MODA a few weeks ago. Maybe we should stay in touch about our progress?!
First of all, I am almost positive that a BFA will do you more good than harm. A LOT of the most profilic and most prestigious curators and critics (think Schjedahl, Storr, Schaffhausen... and that's just the beginning of the letter S) have trained as artists. And those are the professions that the MODA is supposed to prepare us for, no?
I myself am getting my BA in art history from Humboldt University, Berlin this April. I also had a few academic hiccups towards the beginning of my studies, because I had to work full time to support myself, but stabilized on a pretty high grade level afterwards. I've also worked as the director of a big private collection for 2 years and have worked as an art critic for a national newspaper for the last year...
One of my main problems was my statement of purpose. I know exactly what I want to study and with which professor (B. Joseph), but I wasn't really sure as to how specific I could be about that with an MA program. Well, I ended up being super-specific and we'll see how that turns out.