When did you get the e-mail? The suspense continue here. I haven't heard anything (I'm an in-state undergraduate at this university)... I get the nagging feeling that no news is bad news at this point; if not an alternate, then a rejection.

As for your ranking on the list, it is likely a good thing you heard prior to the the rest of us. I was relatively confident that I was a competitive candidate, but I guess it wasn't enough. I put all of my apples in this basket here, so this is quite possibly the end of the road which makes one feel eviscerated.
I also hope others will fair better, and wish everyone else the best of luck at others schools, in another cycle, or in whatever venture you choose next.