Dual Intent:
http://www.cic.gc.ca/english/study/institutions/intent.aspIndeed, if they're just asking for updated application forms that does say they aren't as far along as one would hope at this point. Still, if you passed the FSW bar previously, you should be fine, even if you're currently in school (if anything, more schooling would logically make you even more likely to find a job and settle well into Canada. Sadly, immigration policy is not well-based in logic in my experience.)
Have you requested CAIPS/GSSM notes for your file? If not, I'd suggest doing so. Because you are in Canada anyway, there is no charge for it and it will provide you with details about what they have done on your file. See
http://www.cic.gc.ca/english/pdf/kits/forms/IMM5563E.pdf for the form. Normally, it takes around 6 weeks to obtain the notes. So, for the cost of a postage stamp you can ask for updates on your file every 6-8 weeks and see where they are with your file.
Remember that when you finish your degree, you may also qualify for a post-education work permit:
http://www.cic.gc.ca/english/study/work-postgrad.asp. If you qualify, this would give you an open work permit to work in Canada. And again, you can pursue PR while you are in country temporarily working on a work permit.