Actually, I'm gonna keep myself on the Kellogg waitlist for as long as I can. Not to be a downer on Johnson or anything (I really do like the school), even the Johnson alum that I talked to suggested that if I get into Kellogg I should just go there.
From everything that I've researched and the several people that I've asked, it's understandable and acceptable to do so. I will be declining Tepper unfortunately and although I really did like the school as well, between Tepper and Johnson, I see Johnson as a better fit for me professionally.
petebi 
in R2 and with your Kellogg WL as well!