New Orleans is currently escaping the brunt of Katrina. Major damage has been reported in N.O. and I will note that damage is occurring at the Superdome - word is that the roof is leaking and there is external damage... Please also note that I am writing this as it is happening so if further damage occurs, it might not be updated here.
Also, pumps are failing due to power outages and emergency workers are not venturing out at this time. The N.O. mayor just had a press conference (8:30am) stating that levees are being compromised at this time and water IS entering the bowl that is New Orleans.
More in a few.