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ISB 2012 class aspirants GMAT Accepting B-Schools

Only a few days left ISB (2011 class) so thought all those preparing for the next year should get together to start our race to make it next year.
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Work Exp - 3.5 yrs IT. A problem here is I don't have a exp certificate for about 10 months of exp as I left Infy and broke the 1 ...
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Need some advice from current/ex-students or re-applicants.
I need one help with my last year (2009 i.e CO 2011) application feedback. I am not able to understand it well. Feedback was:
The committee has gone through your application and is of the following view:
Your overall interview rating was good.
Slightly below average GMAT. May want to improve on it if planning to apply again. A higher AWA will also be an advantage.
You basically lost out in view of the intensity of the competition.
Interview panel however made a special suggestion that we urge you to reapply.
Reapplication is strongly recommended.
I am planning to apply in R1 with same GMAT (690/5/6.5yrs/IT Male/Startup exp/No intl exp). Instead, I will put lots of thinking into the app. I am only worried about their advice on GMAT which I am not planning to follow. Is it absolutely necessary for me to take GMAT? Is it good for R2 interview reject candidate to apply in next year R1? If I go for R2 and I don't get a major jump in my GMAT score then again it'll not solve any purpose. Please give me some thoughtful advice.
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