yes. people from the second list have been selected. In fact, most people with higher snap scores are in the waiting list.
As far as I think, the list we last saw at the SIIB site is the corrected final one. and it will be put up by 4pm.
Lets try to get a correct info regarding the last cleared waiting list number last year. We can then predict something for this year. This year things can get interesting tho. Though its true that most aspirants have applied for a lot of similar good colleges and hence the waiting list can clear a long way, but at the same we must not forget that there's been a sharp rise in the total number of aspirants this year. Lets see what happens!