I'm just speculating, but I would believe that this is the waiting list being decimated by the ticket price hike and four years of poor performance.  If there was enough demand, why would the AD go through the hassle of selling anything but full season ticket packages.

$70 for EMU and WMU individual tickets (and for not great seats) is just ridiculous.  Honestly - how pumped up would a casual fan be for those games where the only outcome that would make a UM fan happy (a blowout) is also one that would make it hard to justify spending $$$ from a, "Boy, am I glad I'm here" standpoint?  I mean, paying $140 for tickets (assuming you are going with someone), additional fees, parking, food - it's easily $200 total for what will likely be a bad game.

When you have a 110,000 seat stadium, if you want to fill it up, you have to rely a lot, esp for non-Big 10 games, on casual fans who want to go as much for the experience and atmosphere, as much for the football.  They are being priced out.

I really hope Hoke & co do well this year, b/c otherwise, at these pumped up prices, we're going to see some legitimate non-sellouts in the near future.

I called the Victors Club about a month ago to ask a question about priority points.  During the conversation, I talked about being on the waiting list, and they told me that everyone that donated at least $100 (regardless of other priority points) was offered tickets this year.  I had donated $100 but never received any offer, so they transferred me to the ticket office.  The ticket office located the record of my donation (I don't know why it was screwed up originally).  I was then offered season tickets which I purchased.  So, I would say the waiting list is at zero. 

About a week later, there was an article where Brandon claimed there were still many people on the waiting list and the demand was as high as ever.  I was thinking, ummm...no.