yeah it's seems to be good.

but anyway u need to be employed during the duration.It does not provide time for you to keep on searching for employers. Anyway you get full 1 year searching for the right employer.

This will certainly be beneficial for students who are employed and has some gap between their h1 date and end of OPT date.

"The extension will be available to students who are employed by businesses enrolled in the E-Verify program. "