Great story there - I do hope you make it to Darden. When I read all these posts, I can't help feel a little miffed about not having tried to do this before - and now I just don't fit into 2 year MBA courses anymore.
About institute reputation going down - I believe once a certain reputation is gained (especially institutions), it takes many, many years to change perception quickly. Darden is a good name and I think it will stay so for many years to come unless something really weird happens.
While I can't be sure about where I go, it's for sure that some of the GMATClubbers here are definitely headed for great places, and I'm waiting to hear their admit stories!
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