I think we got the same update: Large pool of applicants...lack of funding...potential acceptance if funding becomes available etc.
I made an inquiry to ask general timeline of when I might hear back. (this was in early March)
They said they have no idea about funding until the end of April at the earliest. Even if funding becomes available, they will need support from faculty member to ask the committee to admit a waitlisted student, which will be in early May. Nothing about rank was mentioned in the reply;