Is it correct that there will be lottery system for Masters Quota too? Does anybody know anything about this?

yes there will be should quota get exhausted in first five days.  make sure your application reaches at uscis within first five days starting from april 01.

Lottery for Grad too

J garae ni sukkha choina , 5 days jatti choi banki hunchha vanako ho ki kya ho ? Teso vayaee ta 2 yrs mailae pass garnae bela samma ma ta, mara mar hunae hola

Sampada

Get H1B,,after that ball is in your court

Here's how it works for H1-B in Masters quota this year:

1. The first 20,000 US Masters will be exempt from the regular quota.

2. If the 20,000 US Masters quota is exhausted within the first 5 business days (ie, until 7th April), the rest of the applications are forwarded to the regular cap for lottery.

3. If the 20,000 US Masters quota is still available after 8th April, no more than 20,000 US Masters applications are processed by the USCIS.

Be sure to get your applications filed asap when April 1st starts. However I think the Master's quota will not be exhausted at least for 7-10 days.

source : http://www.uscis.gov/portal/site/uscis/menuitem.5af9bb95919f35e66f614176543f6d1a/?vgnextoid=fcb76962447c8110VgnVCM1000004718190aRCRD&vgnextchannel=68439c7755cb9010VgnVCM10000045f3d6a1RCRD

Well its hard for it to reach 20K within the first 5 days, considering its US masters with mostly business/science backgroud .

LETS SEE

so what should one do on such situation man? go back to school again? omg...