Yes I think that there is no need to panic too...

I even add, even if some people will find me cynic, that I wonder how the Internet will react to this worm.

Now that security IS a professional priority, that the vulnerabilities are for a large part known an categorized, that IDS are common, and security 'expert' even more common...
Will the Internet handle it better than the Morris worm ?

Now just a 2 cents analysis : I fear far much a huge DDOS attack, with this new BIND exploit and the formatstring exploits 'popping' everywhere...
For me a new wave is coming, I just wonder who will be the authors : black-hats or government agencies (They're all talking about cyberwar and none of them try anything ?)
:-)

"Trying to be a SMART lamer" (thanx to Merlyn ;-)