Participants in the 2016 Math REU discussion are seeking updates on acceptance notifications from various programs, with some already reporting acceptances, such as UCSB and SMALL. Emory's participant list suggests they have completed their selections, while other programs like WADE and West Georgia are still in the decision-making process. There is ongoing debate about the significance of shortlists for programs like SMALL, with some participants unsure if they are required for acceptance. Several users are weighing the prestige of programs against funding opportunities, especially concerning Cornell's recent decision to cut funding. Overall, the competitive nature of REUs is highlighted, with many applicants anxiously awaiting responses from their chosen programs.