As of August 28, 2009, approximately 45,100 H-1B cap-subject petitions and approximately 20,000 petitions qualifying for the advanced degree cap exemption had been filed. USCIS will continue to accept both cap-subject petitions and advanced degree petitions until a sufficient number of H-1B petitions have been received to reach the statutory limits, taking into account the fact that some of these petitions may be denied, revoked, or withdrawn. - USCIS Website
I mentioned (before the season started) that I would be surprised if the Quota limits are reached at all, while some are discussing the chances for a lottery again. This reflects the job market more or less and restrictions imposed on certain firms in hiring H1Bs.
