I agree with the less optimistic view. I cannot help but feel that Stanford is about to cause me some emotional pain, but this is how I'm coping (this is a venting post).
I thought I had a solid profile, particularly fitted for GSB, and would be able to have a choice between HBS (further consideration) & Stanford (nothing yet). This has not only been humbling, but also enlightening and will probably be a positive experience afterwards. As rejection piles up, stress and expectation lowers. Each time it becomes clearer to me, that partially I was just trying to get a star on my forehead that said "well done chap, you got in, you are part of the club".
Each failure is a remainder that I have to keep fighting and that no matter where I get in or what I do, it is still all about me. It is still about my choices in life, my capabilities, and my determination to achieve anything I want, that have led me to where I am right now... so I am less worried about some admissions committee finding me fit or not for their program.
And I will not deny that there is a certain childish anger along with the disappointment, but anger is positive if you know how to canalize it. For me it is particularly useful as motivation, and I am driven to prove them wrong, and I will do it for me. It is getting easier for me to get detached from these "big names" and focus on the goal rather than the means.
This might not have been very coherent or helpful, but at least I feel better now!
Regards everyone and the best of luck! If they don't choose us, then let's prove them why they should have!