Hi,
Let's recomfort the WL here! It IS the most difficult situation. At least when you got a ding you can enter a rage, destruct everything, claim that you always preferred LBS and move on...When I learnt I was wailisted I almost wished it was a ding, so I could focus on something else
However, there is still hope. Some of us were taken out of the waitlist at the beginning of the month, and if the past is of any guidance, we know that some will be called end of March/beginning of April and again end of April/beginning of May. Hell, they even call one or two people one month before the program starts...
I don't think the list will move before at least one month: they need to see how many R2 prefer another program, and they are not even sure whether the WL R1 that have been admitted later have paid. Then, maybe they will want to feel the quality of the R3 batch (March 21th). Again, the WL people are not only called to fill in the positions of the R1/R2 admitted that go to another school: they also compete with R3. If you, wailisted, are a better match than a R3, you will fill a position originally dedicated to a R3.
I will keep you updated about the profiles on MBA Connect as soon as it has stabilized!