I just wanted to wish everyone good luck.
My daughter was here last year (autopooled) and this thread really helped her (and me!) during this horrid time. After an anxious Friday (she received her letter on Thursday) and weekend waiting by the phone, she called her preference college on Monday and asked them if she had been fished or rejected. She was told that her file had been returned and she had been rejected. It was not a nice moment.
After that she got on with life, accepted her second choice uni (a really good one) and worked hard.
Once she had her A level results (which were very good), she decided to withdraw her uni acceptance, take a gap year and reapply. It worked (she has an unconditonal offer for law) as it did for many other re-applicants - see the 2013 Cambridge applicants thread. Second time around we knew how the process worked and it was a lot less daunting
My daughter has a temp job and will be using the money she is earning for travel later this year and towards her tuition fees - so she is making the most of her year off.
So if this time you don't get an offer, it doesn't necessarily have to be the end of the Cambridge dream if you don't want it to be. That said her friends who didn't get in last year, went off to university and are having a great time and are very happy with the unis they went to.
Good luck x