I knew an incoming AS400 who was an engineering major, had made top third at FT, etc etc who failed the AFOQT twice for the verbal section. He applied for a waiver and didn't get one; now he's out of the program.
That being said, every case is different. All you can do is try for a waiver and hope for the best while preparing for the worst. He was applying for a waiver right after last summer (with the ~60% FT acceptance rate) so maybe applying now, in a good year, will yield better results?
Unfortunately, he is the only one I've met in this situation. Hopefully others will be able to provide other more promising examples.