Last year I received all rejections. It wasn't easy, but I ended up deciding to spend the year clearing off all my debts, saving all the money I could, and buffing up my credentials. I decided to reapply for Fall 2010, but have a fallback plan this time: I'd take all the money I'd saved and move back to Eastern Europe where I'd lived for a number of years.
I guess my higher GRE scores, better letters of rec, and strong purpose statements worked because I've already gotten into most of my top schools and interview with another one in two weeks. I still have a few schools out there that haven't informed me, but I could care less -- in some ways I'd like to get a rejection from one just to laugh it off.
In the end, that extra year was huge. It sucked having to delay my future, but I'm in a better place in life for where I want to go. Plus, had it all failed, I would have been able to flee the country and start speaking some Russian again while drinking some real vodka.
I wish you all luck.