I just got a call from the AdCom a few minutes ago, and was accepted!
The program has a great reputation in the area, even if it doesn't hold up to the prestige of the top ten nationally or internationally. All in all, I applied because it's local to me (and I love Seattle), it has some great connections in the area, and it definitely has a good reputation as a solid school. I wouldn't be unhappy to go there, but with offers from Duke and CMU, it's difficult to choose the smaller, local school over the name brands.
However, with the recent name change and the upcoming building, I suspect that Foster is making a push to improve their marketing and increase their rankings/perception. I'd expect to see them improve over the coming years, though they still have a ways to go.
jjanders, good luck with your app! If you need any pointers on Seattle, let me know--I may be able to point you toward some cheaper neighborhoods and such if cost of living is a concern.