By this point, we've made what you could call a first round of waitlist offers and given students a few days to think about accepting those offers. Some have accepted our offer and some have not. We're moving on to making another round of offers. The cycle repeats.
My feeling (and this is totally unscientific) is that the waitlist will wrap up earlier than it did last year. I don't have any numbers for you at this time.
At this point, there is no action required on your part (unless you realize that you don't want to be on the waitlist anymore and you can remove yourself via the SIS). When we are done, I will post a note on this blog and letters will be sent to all students are have remained on the waitlist.