I think it's a fun distraction. I have been doing the same myself, if not worse, because I have been looking into every detail of moving. I figure that at the very least, if I do not get accepted this time around, I will already know what I am looking for when I finally do get in somewhere:)
Yeah, sometimes I feel that way too. I have sort of learned to find some comfort in the state of limbo that has overcome my life. I may not have answers but I do not have to deal with rejection...at least for right now.