When I was in MN over summer for a Twins game I took a tour of WM, and a lady told me that in last year's admission cycle that students who had 165 and 3.5 (and higher) were awarded full tuition. So I don't think you should worry, it appears you would still have a good chance as long as they are using parameters similar to last year's cycle. Who knows tho, they may feel esteemed in their ranking boost and may be looking for higher numbers, thus a new trend of being stingier than usual.
By the way your name indicates that you are from MN, so could you tell me what the general consensus is in the TC area on the reputation of WM. In talking to the locals many said WM is regarded as well as UMN, however none of whom were directly related to the law field. Also, say if I was in position to have just a little over 50% scholly to UMN and a full ride to WM with a chance at the Mitchell Fellows program, would you recommend one over the other. Keep in mind I love MN from my lengthy visits during all periods of the year, and that is where I want to live and practice without hesitation. I would like to work at one of the larger firms in Minneapolis or even in house at one of the large companies (they have so many Fortune 500), and have you heard or know anyone who has had these opportunities from WM.
WM is definitely not regarded as well as U of M, even in the Twin Cities market (better than Hamline or St. Thomas though). Cargill, for example, won't even consider WM graduates. It won't consider anyone outside of top 10% at U of M either, but you're not getting in the door at a company like that coming straight from WM. In my opinion, if you can't get into U of M, don't bother with law school in the Twin Cities. The market here is flooded beyond belief - most of the class of 2010 can't even get doc review positions without foreign language ability.