It is good in that you are fully qualified (3Qd) and have a nomination.
However, approximately 1700 (plus or minus 100) other people are also on this list. The people on the list will be ranked-ordered by WP (Whole Candidate Score) #1 through # 1700. About 400-450 people on this list will get offers to West Point. You are now competing for a slot with 1700 other fully qualified people.