Firewall: Definitely a good sign being 'on hold'. They have stopped the training for a brief while, but they are going to restart soon. (I'm still hearing before the end of the year) Emirates still intend to purchase about 11 more aircraft next year, they haven't cancelled any orders, and they're going to need a heap new crew to operate these. We are due to get the long range Airbus 340's by the end of next year, which will occupy a lot of crew.
Cloud9, I know exactly what you mean about your life being on hold. I am an Emirates F/A, and the length of time between my interview and my training was about 6 months. I guess they were really scraping the barrel when they took me.