It is a good spot to be. Last year the entire hold list was taken and then a couple from wait list I believe. It is essentially a high priority wait list. They explained it to me as being exceedingly qualified for acceptance, but simply not having enough seats at the time, so as the seats open up you have first priority. I don't like giving people certainties or false hope that I am not in a place to give, but as a former hold listee, I would be excited. They even offered acceptance to the following years class for our hold list if we couldn't be taken for the year we applied, not sure if that is something they are still considering, but also keep in mind too, this is the largest class RowanSOM will be accepting; meaning even more seats that will likely be open to you.
Stay positive. Best of luck!