Haha ... i feel they better change it rather then keeping it 'Waitlisted' forever

I think for Indian waitlisted candidates, the chances are slim. The wait might go uptil May/June as well.

I think it might be till then or it might be sooner. Depends on how much they like your application as compared to the other applicants!
For one of my friends, it went on till May.

Waitlisted. It's over