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Does Yale have many small town kids, or is it mostly comprised of private schoolers and people from good public schools?
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There are a high percentage of people from east coast cities (boston, new york) and from east coast prep schools, but that's more because they're also the people most likely to apply to Yale. A lot of my closest friends went to small unknown publics.
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I am from a small town in PA that has sent one person to a "big three" ivy in the last 30 years. I feel like I am as intelligent as anyone, but will be looked down on by the admission committee because I am from a small unknown town.
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The ivy league loves rural kids. They're a hot commodity and treated like an underrepresented group (since they are). They definitely won't look down on you, and might even excuse shortcomings in your apps.
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Does Yale accept AP credit? Or can it only go towards placement....
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As far as I understand it, you can use (some) AP credit to accelerate 1 or 2 semesters, but you can't use it otherwise for credit (ie: to lighten your load over 4 years or to fulfill distributional requirements). You can definitely use AP scores for placement, but some departments give their own tests instead.
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anyone have any other reasons why they think Yale is better than the other ivies (well, Harvard and Stanford and Princeton basically)
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I think all Yale kids will say the same thing: student happiness and school spirit. There's the canonical "Cult of Yale" article from the Harvard Crimson, and the Princeton community is fractured because of eating clubs and a much harder drinking culture. Stanford is too large both in size and population to have a cohesive student body.
As Montgomery Burns once proclaimed: "Well, I say let Harvard have its football and academics. Yale will always be first in gentlemanly club life. Why, every friend I have, I've made right here."