I still didn't see anyone really comment on the Many World Interpretation, so I'm going to give it the layman's try. In Many Worlds, there is no wave or decoherence at the particle level. Instead, all results actually happen. So in this case, there are Universes where the cat lives and Universes where it does not. 'You' have access to all these universes up until the moment that the information about which universe you are in reaches you. That information is bound by the laws of Physics and can not travel faster than the speed of light. David Deutsch describes it as a 'Decoherence Wave', if I remember correctly from his latest book 'The Beginning of Infinity'. Anyway once the information reaches you, there becomes more than one you, each belonging to a different universe. You'll have to read one of the experts to learn how this happens without violating conservation of mass, energy, etc. The way I understood it, all the universes split and merge all the time, but it is a bit confusing.
Anyway, what gets Duestch all riled up all the time is that no one wants to buy into the Many Worlds Interpretation because (in his opinion anyway) it makes us feel less important if there are near-infinite versions of each of us experiencing all these different outcomes. We all want to feel 'unique' so we dismiss the evidence of MWI. His explanation of this evidence includes things like Quantum Computing calcuations that have already been performed; i.e. we know the calculation requires x number of bits, yet in our universe fewer than x bits exist, so where is the rest of the calculation being performed? His answer: another universe. Same thing with the double-slit experiment. We see evidence of two photons interfering, but since only one exists in our universe where is the other? He hates that we 'made up' a wave to explain the dilemma, when the simpler explanation (the extra photon is in another 'very close' universe) is abandoned because again we don't like the idea that multiple copies of us exist in these Universes. Reading Duestch is fascinating stuff, and the politics of the Physics/Science community is also fun to read about. I get the impression that most other popular scientific authors don't like Deustch because among other things he is constantly telling other authors that they are wrong (in The Beginning of Infinity he hammers some of the theories of Dawkins and Jared Diamond among others...)