Perhaps you're looking at the ****** in the mirror?
Does the University of Minnesota even accept out of state applicants? Chicago, as a top-25 school that many top applicants would consider to be a good back-up to the super-elite schools, probably gets a third to a half of the 1200 stellar applicants to apply to it. Given that there are also 5,000 or so people in the 30-34 MCAT range with good gpas and activities who are also competing for these slots, I think my point is valid.
Also, it's not like there are a ton of people with 39/3.9 gpas getting rejected all around. If there were, you wouldn't respond with shock each time one posts on these boards. For every one high stats/many rejections person, you see a bunch of "Should I go to Columbia or Yale" and "UCSF Class of 2007" type threads, especially around April-May. Also, just the fact that top schools have a 3.82/35 matriculant average tells you that the overwhelming bulk of the top people are, in fact, at top schools. I think the admissions process occassionally gives a good applicant a massive screw-job, but, overall, works as intended.