So guys, had a word with my consultant yesterday (they're pretty good, btw) and here are a few thoughts. Hope this helps you all
1. All those May and June applicants currently in the FSW 2014, waiting for an MR and have a second line, should get it approx by mid Jan (as per there calculations and past exp)
2. The express entry has a very extensive set of points and will be the way forward for getting into Canada. This is the last batch for FSW
3. The express entry's timeline (within 6 months) is the time AFTER you get an approval from the CIO. The CIO will pick up applications with the highest points first (as opposed to the first come first serve now) every month
Hope this helps people applying for EE. The apps received after Jan 01, 2015 will be considered under this program only.