I just made the mistake of glancing at the comments below NPR's copy of BP's video feed from beneath the Gulf.
IT'S ABOUT TIME THIS HAPPENED! WE NEED HUGE DESTRUCTIVE DISASTERS TO WAKE PEOPLE UP AND MAKE THEM START LIVING THE WAY WE WANT THEM TO LIVE!
(Very slightly paraphrased.)
Yup. Massive environmental and economic damage are Good Things if they force society to return to a mythical Golden Age (which requires disposing of a few billion people that the reformed society couldn't support, but that's beside the point).
Meanwhile, some of the informed-ish people at The Oil Drum have been discussing the reservoir pressure, the strength of the overlying rock formation, and the possibility that the formation would eventually have blown out all on its own, without human intervention (and in a much less controllable fashion).