Thanks for the info! I know what you mean - every day that goes by, I feel like I have less of a chance. But that's probably just in my head. I did call them, and they told me that the people on the waiting list are not ranked. They picked people based on the waiting list based on who drops out. So, for instance, if a grad student drops out, they may stick to another grad student. They are trying to keep the group well rounded.
What language are you on the waiting list for?