Jack that only means one thing: it doesn't take them 3 months to review applications. In my opinion, if all of the information are in, it probably takes around 5 minutes. They tell people their process is "holistic", but I think that's BS. It comes down to one thing: gmat score (and to a lesser degree, GPA and work experience). I seriously think this is adcom's last ditch efforts to get more better qualified applicants so their stats on the average gmat, gpa, and work history looks better.