We all know that offers have been made. It is because you will accept more people later? In this case, why you don't waitlist us?
The uncertainty is worse than the rejection, just reject me ASAP please.
Rejection letters go out once offer is accepted. Although rare, we've been through three rounds and ended up bringing to campus people who would have been rejected if rejections went out after first offer made.
So chin up buttercup, it is better that you don't hear because there is still some non-zero chance!