I didn't apply to Magdalen. As you know, at the early stage, each law application is handled by the Faculty, not by any of the colleges. The apps go to colleges later if not rejected in the first sift. I'm just a second year law student, and I don't know how the system works in detail, but it seems that about four out of ten people who get in for law get in at a college they didn't apply to. I suppose this may perhaps result from law being a popular subject to apply for, so people get moved around to fill up the places at all the colleges, but I don't know.
I got in at my choice of college, and was only interviewed by that college, but other people get interviews at two (or more?) colleges. I think that the idea is to make sure that the people judged to be the top ten percent or so of the applicants get places at one college or another.
I repeat the point that everyone makes: once you're in, you tend to like your college, whichever college it is. I think that people who don't like their college might be people who don't much like Oxford in general. Some people get here and don't like it. Some drop out. Some stay but don't enjoy it. I like it here and so do my mates here. I like the (hard) work, I like the active social life, the sports and hobbies, and I like being in this amazing city surrounded by history. The tourists can be a drag, but you can mostly ignore them, especially if your college isn't on the tourist track.
Good luck!