I applied to five programs for theory, accepted at two and rejected at three. Rejections are disappointing but I'm ultimately happy with where things landed--I got into a program that's a good fit with decent funding. I'm still waiting to hear about funding from one of the schools that accepted me, so there may still be some haggling over money, but I've decided with 99% certainty where I want to go.
Good luck to everyone who's still waiting, in the negotiation stage, or planning an imminent move.