USCIS recently provided update on the number of applications it has received. End of July, 2011, it has received 22,700 applications towards the general H1b quota of 68,000 and 13,800 towards the advanced cap, masters quota, of 20,000.
For the same time last year, USCIS had received 27,300 towards general quota and 11,600 towards the masters quota.
Below is the timeline for the previous years, when the H1b quota was over:
FY 2011: Cap reached on Jan 26, 2011
FY 2010: Cap reached on Dec 21, 2009
FY 2009: Cap reached first week, lottery on April 8, 2008.
FY 2008: Cap reached first day, lottery on April 4, 2007. Advanced degree cap reached on April 30, 2007
FY 2007: Cap reached on May 26, 2006. Advance Degree cap reached on July 26, 2006
I am very curious to see how long it will go, for this Fiscal Year.
More details and latest updates: http://www.uscis.gov/h-1b_count