It's "serious"

Japan's Nuclear Regulatory Commission has finally acknowledged what many of us have known for two weeks now: the Fukushima event is worse than 3 Mile Island, but not yet as bad as Chernobyl. Emphasis on not yet.
News coming out of Japan over the past few days has been dire at best. Tokyo has no safe tap water OR bottled water. Eesh. Good luck ladies and gentlemen.

Here is a very informative update from the Union of Concerned Scientists.

Here's a link to the TEPCO webcam for those of you who are more visually inclined.

Reuters has put up a live blog with constant updates, so stay tuned to this very "serious" situation.

****Correction*******
Reuters is closing the live blog, but will open it back up if the situation warrants, which I think we can assume that it will. They have put up something similar on their facebook page.