Anthroman, congrats! I hope it works out for you! These fellowship are awesome opportuntities. Keep us updated on what happens.
I asked two professors for their opinion and one told me it is a very good sign, basically an admittance. The other seemed skeptical about their motives for nominating me for a diversity fellowship without admitting me first. She suggested it could be a political move on the department's part to suggest that they have scouted diverse applicants but they aren't invested in me completely.
The results board hasn't seen any action of the school so, I'm just going to try and stay positive and hope for the best!