It’s still two arbitrators, and both are Manfred. I hope we’ll have more arbitrators soon (bisq launch?) not only because of trading volume, but specially in order to achieve more decentralization.
In the upcoming DAO paper there will be laid out the new arbitration model, which will be then fully open, decentralized and supports anonymity while being safe.
Though will need some time to get implemented, until that I am the only arbitrator (2 instances).