Well, it's down, it seems; they just aren't sure where. Some reports claim pieces South of Calgary.
"The two government agencies say the 35-foot satellite fell sometime between 11:23 p.m. EDT and 1:09 a.m. EDT. NASA said it didn't know the precise time or location yet.
Some 26 pieces of the satellite — representing 1,200 pounds of heavy metal — were expected to rain down somewhere. The biggest surviving chunk should be no more than 300 pounds."
That '300 pounds' is reassuring.
