I took the GMAT for the first time 8 months ago, December 2007, and scored 680 (Q47, V36). I had only prepared about 50 hours, starting 5 weeks before, on the first test. I went over OG and used the Veritas tests (i didn't even know GMAT Prep existed and I also never sat through a full practice test before taking the official test)
I just finished taking the GMAT yesterday and scored a 680 again (Q49, V34). This time I studied significantly more. I knew my biggest weakness last time was SC; I had employed the 'what sounds right' method. So this time around I actually learned the grammar first and then started studying for the test.
Here are my practice test scores:
CAT 6 Completed 8/20/2008 12:11 AM EST 730 (Q49, V40)
CAT 5 Completed 8/18/2008 11:57 PM EST 730 (Q46, V44)
CAT 4 Completed 8/16/2008 8:41 PM EST 720 (Q44, V45)
CAT 3 Completed 8/16/2008 3:03 PM EST 690 (Q45, V38)
CAT 2 Completed 8/13/2008 4:45 PM EST 660 (Q43, V37)
CAT 1 Completed 8/12/2008 1:11 PM EST 640 (Q42, V36)
GMAT Prep Score 1: 710 (Q49, V38)
GMAT Prep Score 2: 760 (Q49, V42)
As you can see my verbal score was improving (although scores in the MGMAT 4-6 are skewed because the proportion of 700-800 questions decreases significantly compared to tests 1-3 - which i think can be a bit deceptive)
Now I know my grammar was better this time around then last (you're forums are the best). In my GMAT Prep verbal sections I would get at most 2-3 SC wrong.
When I took the actual test, mental fatigue was a factor. I did the first 20 Verbal questions in 35 minutes (which was a bit under pace, but I strongly believe the first half of the test weighs more than the second half - theoretically it has to) and I thought I did them pretty well - the questions were getting harder. In the second half, my brain started to slow down significantly and I was forced to guess the last 3 and rush the two before that. Furthermore, the questions were not getting easier so it was a compounding problem: difficult problems and mental fatigue. In the end, i scored worse than i did the first time with about 100 hours more preparation, especially in Verbal.
Question is, should i take the test a third time? Ultimately, I wanted to score a 38-40 in verbal which would've brought my total score up significantly. But, I feel that the scoring in Verbal is extremely sensitive, so there's no guarantee that I will score better the next time I take it (I could score 38-40 on a good day or if I get a bit lucky). I actually believe that less preparation helped me. In the verbal the first time, the 'what sounds right' strategy, made me spend less time on the SC questions and furthermore made me spend less mental power on each SC question. This gave me more energy and more time on the other questions, and overall a better score. If i had gotten the same score in Verbal the second time, I would've probably scored 700.