One of my problems with the H1B system is there is no real limitation on what companies and positions qualify. You should not have H1B's for consulting/contract programmer firms (http://www.inc.com/magazine/20070901/how-i-did-it-prathiba-r...).

I would consider the use of the H1B being limited to only students that have graduated from a U.S. university so that they can stay here. Otherwise, just use the normal immigration process. I've worked with plenty of developers that have come to the U.S. that way.