Nice summary of the day, Elizabeth! Just a little clarification, as it wasn't clear from my speech...but I was accepted the first year I applied, in 2008, with an MG novel. It was in 2009 that I was rejected with THE MONSTORE, which was eventually bought by Aladdin/S&S less than a year later.
Just goes to show that the business is very subjective, and while getting into RUCCL is a great accomplishment, being rejected doesn't necessarily mean a thing.