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!!
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Stats by August 2014
28, Asian-American, Born and raised in lower-income Bronx, NY.
2.64 (downward trend) Economics degree from UT-Austin in Dec. 2009
GMAT Goal: 710+, exam scheduled for July 27, 2013 at 12PM CST
WE: Sales Team Manager at Apple - business development and strategies for the Apple Online Store
Past WE: Financial Services advising at Northwestern Mutual Financial, Equities Trading at Kershner Trading Group
EC: 3 years of National Council on Fraternity (VP, President), Current Chairman of Texas Exes, Asian Alumni Network (2012-2013)
Target: (1) NYU, (2) Duke, (3) Michigan, (4) Texas, (5) UCLA, (6) Rice
Giving this 110%. I appreciate all advice and encouragement. Thank you, everyone.