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We are in the same situation, since March 15, 2010 our traffic is continuously declining with the average of 6% every week. In current week it gets worst, approx. 15% decline!
Overall, 30% to 35% traffic has been reduced compare to peak week of January 2010.
"site:" is also showing huge drop in index pages, though it only provide the avg. not actual.
Don't know what's going on, Is it really the effect of Caffeine roll-out?
[edited by: tedster at 9:46 pm (utc) on Apr 1, 2010]