As per the new canadian Gazzettee,it says
These Instructions repeal, as of January 1, 2015, the Ministerial Instructions issued pursuant to section 87.3 of the IRPA and published in the Canada Gazette on April 26, 2014, for the management of applications in the Federal Skilled Worker Class, Federal Skilled Trades Class, and Canadian Experience Class. For greater clarity, the repeal does not affect the processing of applications received prior to January 1, 2015, and considered under previous Ministerial Instructions issued pursuant to section 87.3, including the Instructions published in the Canada Gazette on April 26, 2014.
So,FSW would end by 31st Dec Only.
Kindly Check the link
http://www.gazette.gc.ca/rp-pr/p1/2014/2014-12-01-x10/html/extra10-eng.php
APRIL 29th News says
"Effective May 1, 2014, a maximum of 25,500 new Federal Skilled Worker (FSW) applications without an offer of arranged employment (including 500 applications in the PhD student/graduate stream), 5,000 new Federal Skilled Trades (FST) applications, and 8,000 new Canadian Experience Class (CEC) applications will be considered for processing for the period of May 1, 2014, until April 30, 2015, unless otherwise indicated in a future Ministerial Instruction.
Express Entry is the new ministerial instruction.