I'm seeing a lot of fluctuation and my google traffic over the past couple of days has been higher than it's been at an time since Panda 1.0 (though still not at pre-Panda levels)... but I'm not ready to call it a recovery yet.
I haven't really been able to identify any specific keywords which have actually made it back to page one. And I'm starting to think most of the increased Google traffic is actually just from the Google News links at the top of search results and has nothing to do with Google Search.
So... not ready to call it a recovery yet. Something is definitely going on though. I think we all need to give this a week and then report in.