...I m in the same(or may be worse ) position as u r in. i got 7303 rank in iit......704 in aieee...330 in bitsat ..and m also getting thru another one of da gud colleges. Now , having many options and talking to people ,has left me confused . Well i m confident i do deserve a better rank than this in IIT...and so i have a strong inner desire to go again for IIT next year....but the small amount of uncertainity in it has got me in two minds...whether to take BITS or drop 1 year . But i always wanted to get into IIts so i m definetly going to  appear for it next year but whether to do it by preparing again or after taking any good college i dont know. People say , the college option is not too gud as you will end up getting nowhere coz of having two things to manage but one thing which favours it is the security it guarantees.......

For u I dont think taking the IIT option will b good and ur AIEEE rank and BITS score is also not that gud...so i will advice u to drop this time..as it will give u the time to prepare again for IIT and will be able to focus on that. NITs are gud but  none can match the IITs and with it the  prestige of being an IITian.....

I know that i hve nt given u any advice of much use...but I too m in the same boat....... Anyway i m happy  as i hve found sumone who alongwith me is in a similar position........So BYE and GudLuck.