The main rumor I want to address is one about the ratio of in-state to out-of-state (OOS) students. That number is set by the state legislature. Neither UVa nor the Office of Admission have any control over the ratio. The radio has not changed for the coming year. I checked proposed bills for the 2009 legislative season* and none deal with our admission ratio (though it is very, very early and many more bills will be introduced).
What other rumors are floating around out there?
*If you'd like to keep up with that is happening in the state legislature, you might enjoy Richmond Sunlight, a website that makes tracking bills very easy. I use it myself.