The main information that concerns me right now is that there appears to be a consistent radiation leak of 400 mSv/h at the plant. While not Chernobyl by any measure, this is quite a bit of radiation, considering one's yearly dose limit is 1 mSv total.
This seems to contradict the extremely optimisitc reports that all is well, under control, and that no significant radiation leak has occurred.
[edit] One thing that optimistic reports consistently fail to address is the situation with the spent fuel pools. While not capable of melting down, from what I've read the pools are rapidly boiling dry and plant workers are struggling to maintain cooling on them. Left to its own devices the fuel will boil out the pool, light on fire, and then you have burning nuclear waste drifting directly into the atmosphere (after all, the buildings no longer have roofs). There is some speculation that the current radiation spike at the plant is not from any reactor but rather its spent fuel containment.