eimmot, the last two years have not been good years for Cornell grads on the job market. They have students from those two years who don't seem to have any placements. However, without knowing their individual situations, it's hard to know
why Cornell students haven't been successful in the past few years. In 2003, the department had some very good placements (Cambridge, amongst others). You should take a look at the
placements yourself, and draw your own conclusions. If you are really concerned, you could also contact the school or see if you can speak to a current student.
Zavera had a bad visit at Cornell, and seems to have a huge axe to grind with Cornell. (You can click on his name and find his other posts about Cornell). I'd take his opinion on this subject with a grain of salt, personally. He's right that recent Cornell placements have been poor, but his unrelenting trashing of the program seems more personal than grounded in reality.