No offernse, but I'm kind of tired of seing this "it won't keep you out" answer in response to almost every GMAT score question. The fact is that 650 will not keep you out of most schools, and a 3.1 GPA will not keep you out, and a complete lack of extracurricular activities will not keep you out. But it's silly to think that everyone with a score between 630 & 780 is on equal footing. If you want to go to an elite school and your score is in the low to mid 600s, you need to be spectacular in every other area of your application.
Now, in response to your posting agsfaltex, my reaction is that your Q score is pretty good. Competition is rough these days in the Q section, but since you got 47 on the real thing, it's certainly conceivable that you could get another point or two if you work hard, and that would put you into an elite range that many schools really like.
Regarding your V score, my reaction is that you are probably on the bounardy of getting medium and hard questions in the CAT. If you can find a way to master one of the 3 question types, you might be able to push yourself into the hard questions, and minimize any difficulties you have with the other question types. For example, if you can get really good with CR and struggle with SC, you might push the test to only give you only very difficult SC questions, which wouldn't hurt you as much if you miss them. On the other hand, if you have moderate skill with all question types, you might just work within the range of medium questions which will always result in a mid-level score.
I think that you have some possibilities, but time is getting short for this application season. It's still possible to study for 4-6 weeks, re-take the exam and make the second round application deadlines; but with time running down, I think it's important to have a plan for how to study.