I'm an alternate out of the NYC office...while it's certainly not the worse news in the world, this period of being in limbo *really* sucks. Also, I've heard one too many times that there's a record number of applicants this year, they expect more people then ever to re-contract, and it seems the amount of people short-listed is relatively low, and they expect less people then normal to deny their shortlist acceptance.
Despite all this, I'm still keeping myself on the list and hoping for the best. Here's to hoping!