One gets a total of 16 months after graduation including 12 months of OPT. So if you plan ahead you will be able to use most of the time and won't be out of status. There is 60 day period that you can use before your OPT start date and the 60 day grace period after you OPT is over. This regulation has not changed and they don't plan doing so. Probably we may see 2 years of OPT instead but would have to wait few more years...