Although Goirish basically beat me to the punch, I'll post my thoughts anyway.
I am not privy to the reasons ND presented in seeking a waiver to the NCAA transfer rules, but I first raised the possibility of a waiver on this board soon after Shepard's transfer. My thinking related to Nebraska's head coach Connie Yori's resignation after a two-month investigation brought on by numerous complaints. Here is a link (which was used by Dillon when the resignation first occurred).
I am privy to the general astuteness of Coach McGraw and her staff and believe they will present a good case whether the odds be great or small.
I, however, do not believe in Notre Dame exceptionalism but believe the Notre Dame request will be handled on its merits just like any other school.