No the priority processing list has not changed much. and it doesnt say those with higher points make it faster. point system was and will always be just a criteria, what gets u there is your skill and what list it falls in.
result of changes, lesser applications, higher ielts score (to meet points) more people going in for state sponsorship, skills that are required in a particular states goes there instead of them moving to location of their choice where the skill isn't needed as much. Taking off MODL, CSL and keeping only one SOL means the recession is finally taking a back seat and no priority would be given to a particular set of skills.
Yeah if u have 125, i dont suggest waiting at all. more changes are expected in april-June.. Applying now atlest gets u in the waiting period