No expert here, but my guess in the current economic crunch is that schools are going to look quite favorably on the EDs.
Not sure about what you meant about waiting.......that your senior grades won't be on your transcript in time for ED2? Does your school give midterm grades, or can a counsellor vouch for you that your marks are way up?
07DAD, hope you will chime in here.
Also, if you post your question at this site I think you will get some experienced input:
AdmissionsAdvice.com