I booked a studio at my SSR home resort for Oct 19-27 last Monday and waitlisted both the VWL and BCV. This is during F & W and
MNSSHP and the threads were saying no chance! Got a call on Friday that both of my wait lists came through and I could pick the one I wanted. I decided to split stay so that I can spend some time at my other home VWL and try out BCV.
Also booked home SSR for January 1 - 8. No availability for anywhere else until the 4th of January. Waitlisted for OKW and BWV because I haven't tried them. Both of those waitlists came through 1 week later, but decided to stay at home SSR for a peaceful relaxing trip and DTD.
I have either had a lot of luck with the waitlist, or it really isn't as bad as some have said.