Well this is big news. Saddam Hussein has been captured by US troops and will now go on trial in Iraq. This is big for the Bush team. It's not clear how much of an impact it will have on the ongoing strife in Iraq, but its a huge political victory which shows that Bush's plan in Iraq is having the results he's looking for.
If you want to see some great pictures and commentary on this breaking news, go to Jeff Jarvis' Buzzmachine.