Code Red worm?

Anyone heard of this yet? apat from the slashdot readers here - around 100000+ ISS servers infected - all are going to DOS the carp out of whitehouse.gov otmorrow - its aparantly by chiese crackers. Its alot causing a few cisco routres to die. TOny check your logs - if you get somthign like

65.201.146.103 - - [19/Jul/2001:17:58:49 -0400] "GET /default.ida?NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

can you cay bugger overrun?
I haven't copped any yet but my friends site www.pantherclothing.com.au are copping shitloads already. Battern down the hatches its gonna be a long day/nite.

cellar.org only has about 16 hits of NNNNNNNN. Since 34 addresses or so wind up on this one system, I've gotten about 700 hits today. The first one is at 9:44 am. It increases fairly rapidly until about 4 or 5 pm, then has really shut down over the last hour; only 6 hits between 8 and 9 pm.