Well, even though I didn't really start this thread, I thought I'd hijack it to vent a little.
It's been almost 6 months since I took the GMAT and convinced myself that I could get into business school. Like GPAlbatross, I knew I had an uphill battle from the start because of an abysmal undergad GPA, but after talking with several people over the months, doing endless research and even hiring a consultant, I thought I had a decent shot (calculated about a 50/50 chance of getting into at least one of my schools).
Now I know that it's still "early" in the b-school application season, however as I begin to see interviews begin to role out, I am starting to lose hope. I have been able to get one interview (from Kellogg however it appears they try to interview everyone), but after getting one clear ding I am getting another sinking feeling about the remaining schools. At this point, I think I'll be surprised with even one waitlist. I've already determined that I won't be applying to any more schools this year and I think once I get the official rejections from the other schools, I'll take a good long break away from all of this to see if I really want to make another go at it.
As a re-applicant next year, I don't know what I'll be able to do to make myself a stronger applicant. I've already gotten a masters degree and performed better than I did in undergrad (although still not stellar I guess). I can try and retake the GMAT (I do think that I could improve a little given I ran out of time just before answering the last IR question and I started both the Quant and Verbal sections late because my breaks ran longer than anticipated), however I've been told that it wouldn't do too much to improve my candidacy.
At the end of the day, maybe I'm just too much like everyone else, but with a past that has now finally come back to haunt me. I know there's a couple of more weeks before R1 is over, but I'm going to start to look for other ways to change my career. The unfortunate thing is that at this point in my career I think it's extremely hard to make a change without a degree and I do have more obligations (bills) now that I'm married and own our place (mortgage). As the years go by, it'll be even harder to make significant career changes due to these growing responsibilities.
For now, I'm just glad that I have gotten my thoughts out and I guess we'll see what the next few months brings.
Update: I got into Johnson and Tepper!! The entire story is here:
https://gmatclub.com/forum/my-mba-application-journey-low-gpa-190683.html#p1461408