clipped from: www.astro.uni-bonn.de   
A most amazing eruption is occuring on comet 17P/Holmes which was at 17 mag. at best but on October 24 suddenly began to brighten like crazy: Now (afternoon UTC) it has already reached 3rd magnitude and is easily visible to the naked eye, as reports from Japan indicate: "Perseus does not look 'Perseus' familiar to us due to the bright stellar object now."

The comet looks like a bright, yellow star, and only magnification reveals a fuzzy coma around the dusty core. Holmes was discovered in 1892 thanks to a similar outburst, and hope is that the further development will be similar now: the coma should expand over time but stay bright for a week or more.