I have been watching the rankings very closely. I am expecting to recover from 2 years in Panda hell with the next panda update. I have seen nothing as of yet that indicates Panda movement. I do notice slightly less traffic today then normal, so it could be other ranking algo changes - unless something is starting in Europe that hasn't gone on in the U.S. yet - which I don't think has happened in the past (has it?).
I am hoping for Panda soon - but just haven't seen anything.