at KCOM we have 4 OMM fellowship positions and 4 anatomy fellowship positions each year. We had 8 applicants for the 4 OMM spots this year (and probably similar for anatomy), though some years we've only had 4 or 5 applicants. We do an entire year of fellowship straight- in the case of OMM it is between 3rd and fourth year (you go to the 5 year track). They pay for your final year tuition (and dont charge for the fellowship) so you pay 3 years for 5 years of education in all, plus a monthly stipend during fellowship year, money for conferences, heathcare, and tutoring money.
Much of the fellowship is teaching first years in lab, though you spend some time with second years. There is a fellows clinic where you treat students with physician supervision, and you see regular patients with physician supervision as well. There are opportunities for research, for those interested, and they let you have another cadaver if you want one. Its seems pretty laid back (I know some of the fellowships at others schools can be pretty stressful), so you will probably have time to pursue personal educational goals within the department.
All in all, not a bad deal if you're interested in OMM and don't mind showing your body off for demos to first-years. Sounds like DMU gives better benefits. The advantage of our system though is you can escape kirksville to a bigger city for your rotations if you so choose. Also, the department is quite large for such a small school (7-8 faculty, 2-3 residents any given year), and there is a lot of diversity- so you can get a good feel for most of the treatment options out there- as there is at least someone in the department that specializes in each.
hope that helps,
bones