This forum has been incredibly helpful for me, a longtime reader and aspiring McCombs MBA. Thanks to the mods and all who have posted both good and bad news. I would like to add my information for the benefit of all the other readers:
Applied: 11/01/2009 (R1)
Interview Invitation: 11/15/2009
Interview: 11/30/2009
Waitlisted: 1/12/2010
Accepted: 7/2/2010
After being waitlisted, I attended a class and went to the MBA Day event. I sent them two updates: one in March and one in June.
WE: 4.5 years in Engineering
Location: Texas
Undergrad GPA: 3.3 in Engineering at Top 20 school
GMAT: 740
Hope this helps, and good luck to all of you both this year and next year!