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I would imagine the waitlist couldn't possibly be that big, because the class size is only like 120. So I would think you probably have a good chance. Good luck!
My (uneducated) guess is that the WL is quite large. Why? Because almost everyone I know in two different interview groups says they got WL (1 got an outright acceptance), but yes, I don't actually know everyone in the groups. 2. The new traffic rules have created speculation that WL will be longer this year. 3. The SOM matriculates about 25% of those that are interviewed. I haven't seen any post II rejections, doesn't mean they haven't happened though. Time will tell, but speculating is fun, haha.