Waytooold - If it's really your dream, it's never too late and you're never too old. And remember - in this economy, the level of competition this year was more fierce than ever. That said, if you really feel you cannot go through this again (and I definitely understand as the application process is AWFUL), there is surely something else in this world to make you happy. So try to keep your head up. Be glad you went for it. It's better to have tried and failed than never to have known what would happen. Good luck with whatever you decide to pursue!