The good news about Katrina ...

[unixronin]

...is that it's lost some strength and dropped to a Category 4, with "only" 140mph sustained winds.  (Having made landfall, it will now continue to weaken.)  Pressure in the eye has softened from its lowpeak of 907 millibars to 923 millibars.  The storm has also veered slightly more north than expected, and its center will pass just east of New Orleans.

The bad news, of course, is that this is still plenty bad enough.  New Orleans is still going to get a terrible pasting, the levees may still fail -- and there's reports the roof of the Superdome, where around 10,000 people are sheltering, is leaking.

Er, correction to that ...

N'Awlins resident alobar says there are 26,000 people in the Superdome, and popefelix reports chunks of the roof are now missing.