What is an "academic H1B?" Students get a F1 visa, people with real credentials get a J-1 or O-1 visa.
A lot of postdocs and researchers in universities and public labs are on a renewable (!) 2-year J-1, without quotas (in a for profit company the number of interns on a J-1 is limited). That's another visa that is vastly abused, but in a very different way :)