I am confident that all PNP applicants who were approved by December must have sent their applications for the further processing under old rules i.e. before 31 December 2014. This is mostly due to the uncertainity of the express entry program.
Also, there is a cap on PNP nominations for major provinces. for ex: alberta is 5500, BC is 5000 ON is 1000 etc.
Although, I am not too worried about PNP and LMIA holders too beacause the government will be giving 250,000-280,000 PR this year.
What concerns me is that when I spoke to a CIC agent he told me that, a) if you have a job offer with positive LMIA then you can get your name in the next draw or b) you have PNP.
If you don't have either one of the above then you have to apply EE and wait for an employer with LMIA to hire you or wait for the govt to like you enough for PR. He specifically used the word "hopefully".
Yes, this is what it has narrowed down to for people who have invested minimum $25000 to study here, worked hard to get a job, and integrated into the society. Hopefully people!!