Marginal is defined as "weather conditions for your alternate are AT the published minimums".
In other words, you need to add 200 feet and 1/2 a mile to the highest straight-in precision minimums (which are usually 200 and 1/2 for an ILS) if the airport has TWO seperate approach navaids. 400 and 1 mile if the airport only has one approach navaid/runway.
Since I've seldom seen an alternate chosen with only one ILS to one runway, we'll pick the standard two-navaid alternate minimums which require a forecast AT THE TIME OF ARRIVAL (1 hour before and after doesn't apply to the alternate), of at least a 400 foot ceiling and 1 mile visibility (standard ILS mins + 200 and 1/2).
If the forecast was for EXACTLY 400 AND 1 mile for your alternate, it would be "marginal" since it is AT the alternate minimums. Obviously this is pretty rare.
The other reasons to have a 2nd alternate are "Captain Breaks Wind", a pnemonic device to help you remember that a 2nd alternate may be listed if:
The Captain deems is appropriate.
Braking action is reported less than "good".
Crosswind exceeds a certain level, can vary depending on the company's FOM.
Another reason to have a 2nd alternate of YOUR chosing that's NOT in the books is if your dispatcher picks an alternate that's:
1. Close to your destination and a hurricane or tropical storm is bearing down on the entire area.
2. Back THROUGH the line of thunderstorms that you just came through.
3. On the other side of a line of thunderstorms that you can't get through to your destination anyway.
I run into these pretty regularly, and arguing for them to change the alternate is too difficult to explain when they don't have time, so I usually just request a 2nd alternate - it's easier for some of them to "get" I guess, go figure.
No offense Jay, but some of the new people down there need some serious "help"... Ran into 2 of those three last week when the leftovers of the hurricane hit BOS.