Randomguy is bluntly correct. I don't think we should panic ever at the same time. While many including myself are preparing to take the exam before the new format comes out, it is a good idea to take the exam only if you're prepared. I feel that the negative consequences of "failing" a rushed exam will take you more off track then if you were to devise another strategy starting now.
The GMAT not only measures our ability to prepare for an assignment, it also tests our business savviness in adapting to change and pressure. If I were you, I would start thinking about new plans with the IR component. You wouldn't be "starting all over" as all of the quant and verbal concepts will still be your foundation to a good score.
Please keep us updated!!
Stats by August 2014
28, Asian-American, Raised in the Bronx, NY. Moved to Houston by myself to graduate HS.
2.64 (downward trend) Economics degree from UT-Austin in Dec. 2009. No excuse, I spent 100% building a student organization that I'm still very active with today.
GMAT Goal: 710+, exam scheduled for September 14, 2013 at 8AM CST
WE: Sales Team Manager at Apple - business development and strategies for the Apple Online Store, Australia. I've also built my own consulting practice working with a successful Startup in Austin, TX, managing their online brand and helping them with analytics.
Past WE: Financial Services advising at Northwestern Mutual Financial, Equities Trading at Kershner Trading Group
Post-MBA Goals: Strategy Consulting or Brand Management in Tech/Fashion
EC: 3 years of National Council on Fraternity (VP, President), Current Chairman of Texas Exes, Asian Alumni Network (2012-2014)
Target: (1) Stern (2) Fuqua (3) McCombs (FT/PT)
Giving this 110%. I appreciate all advice and encouragement. Thank you, everyone.