I'll admit it. I have been watching the Business Week forums over the last week or two, which is the home stretch for many round 2 MBA admissions decisions. I'm not proud.
It sounds like the Wharton round 2 decision could be coming out any moment. During round 1 this year, the official decision date was the fourth Monday in December, but the admissions committee called admitted applicants the prior Thursday morning (from a 215 area code number in case you're wondering) and then released all decisions via email/ApplyYourself website later that day. Given that Wharton's official decision date for R2 is this Thursday, many folks are expecting the verdict to be released today. To them I say, hang in there. Unfortunately, I have no ideas for how to distract yourself in an effective way.
At this point in R1, I had just had my HBS interview, still had not gotten a Stanford GSB interview, and had visions of being waitlisted at all three schools. I probably spent 25% of my waking hours online on some sort of business school forum, blog, or website. I was having very strange business school-related dreams. My anxiety was palpable. In hindsight, I wish that I was already blogging so that I would now have a record of my feelings, which were that much more intense because of a recent death in my family.
So I guess I do have one suggestion for those still waiting on a decision: write something. Your writing skills are likely improved or at least fresh from all of the application essay writing you have recently done. Type up a long email to friends or family. Open a fresh word document and capture your thoughts. Write a letter to yourself. Try to find a release for all of your anxiety rather than let it fester. The byproduct will be a record of these feelings for you to review the next time you face a serious challenge or difficult wait.
Good luck to all!