I got in for this fall too, and having read all the article and thread about how bad it is I was freaking out. But then discussing it with people who have finished nursing school, it seems like there are a lot of programs that are horrible in the first semester. Remember, those are the only people who are talking about all the horrible things, those from 1st semester last year. Yes, maybe it was particularly hard, and maybe they did over enroll more than other programs, but some people DID pass, so you just have to convince yourself that you can be the best.
I've been applying for 2 years now, ,and this was my first acceptance. I'm not turning it down. If you are in a different position maybe you have more options.