Ukguy:
I know it must be frustrating but at least it wasn't a full blown NO.
And they would say NO if they wanted to so you might still be getting somewhere. If I were you I would probably try to find out (email them) how long they holding it on file, just to find out when you can re-apply if you wanted to. And it shows that you are keen as well...
Anyway, try not to be to disappointed and good luck!