I think your estimate and analysis PeaJay was performed with rose colored glasses. I hate to be the pessimistic type but you have to keep in mind that we have no reason to believe the pass rate will return to that of previous years because in my opinion I believe that very class shows better preparation and education than the one before it. In addition, due to the previous high pass rate almost all returning 2013 applicants will indeed be eligible and the assumption that the unmatched had difficulty passing boards is an old notion when, without the shortage, this was the case. This is not the case and I know two unmatched graduates that passed part one and two on the first time both times. I also am personally aware of two programs with a total of 4 positions that I know are enduring some financial issues and may not exist come match, if I am aware of that many positions at risk I would be willing to bet a few more exist that are in jeopardy as well as we roll into a new year and new health care landscape. I predict a much larger shortage than last year but as I have said before on here, I would be happy to be proven wrong.
Apollofx: My previous response was less of an analysis than a comment on the analysis by dtrack (his analysis quoted below). I really hope everyone who put forth an effort passes. I was just trying to say it would be ideal if there was enough positions to cover eligible new graduates. This would at least prevent a snow ball effect keeping the level of unmached residents stagnant. I admit this is not a true solution to the situation, but at this point residency genesis if not going to make up the difference in the numbers. The only way the numbers are going to come into line for this year is if the prophecy of dtrack is fulfilled. Either way it is a bad situation and a lower pass rate just pushes the problem off to a future time and place.
If things go back to normal in terms of historic part II pass rates, there will be more than enough spots for the class of 2014 and almost all of the students who didn't get a spot last year from the class of 2013. If the pass rates are as high as they were last year then there will be just enough seats for the class of 2014.