It's nice that we have our own thread, that way we can separate our issues from R2-ers (although some of them might be in our shoes in couple of weeks).
The only thing I really hate about the application process is waitlist and now I have one. I've already been admitted to one of my R1 schools and there wasn't need for me to apply in R2. Furthermore, I've even paid fat deposit to Cambridge Judge, so I'm really leaning towards there. I act like I'm already Cambridge full time student, and there are some solid reasons for that.
There is so many problems to be resolved with my Wharton application, besides WL there is issue regarding non co-signed loans. I think I would have paid Judge deposit even If I had been admitted to Wharton, because I have to wait summer and see what they are going to do with non co-signed loans. If they don't resolve that situation they aren't going to see even my photo in Philadelphia, not to mention me in person. In the meantime, situation with non co-signed loans seems to be much better in UK, at least for LBS and Judge - the only two schools that offer non co-signed loan schemes to internationals. I know that Wharton is much, much better than Judge, but I have to join the club I'm able to pay charge for.