Russia troops have stormed the school where hundreds of children were being held hostage by Chechen rebels today. There are rumors that the death toll could be around 100, although Russian officials say only seven were killed.
More as it develops.
UPDATE: Belmont Club has more on the situation. It sounds like the Russians have another botched rescue operation on their hands like the one in Moscow two years ago in which Russian knockout gas killed more hostages than the terrorists did.
UPDATE: Logic and Sanity also has updates from the Russian media on the situation.