I think I was wrong (video link courtesy WWLTV). Some hasty transcription:
80% of our city underwater
some sections, water as deep as 20 feet
incredible amount of water in the city - both airports are under water
the twin spans in new orleans east have been totally destroyed - they're gone
oil tanker run aground, leaking oil
serious levee break at 17th street canal, place where orleans and jefferson parish both drain... causing waters to continue to rise in certain sections of the city
houses literally picked up off their foundations and moved
if you drive on the high rise we are not sure of the structural soundness, it appears as though a barge has hit one of the main structures of the high rise
gas leaks that have sprung up throughout the city, and even when underwater, you will see flame shooting out of the water
These comments were spoken by the Mayor appearing live on WWLTV, he was reading off a list given to him at a FEMA briefing. Other tidbits from the WWLTV website:
Residents of Jefferson Parish will probably be allowed back in town in a week, with identification only, but only to get essentials and clothing. They will then be asked to leave and not come back for one month.
Looting is rampant, and parts of the city are under marshal law.
Helicopters are trying to stem breaches in levees by dropping 3,000 pound sandbags.
Here is an AP photo gallery. Look at #27, #36, #38, #49, #77, #97, #99.
Finally, there's also a Latest Updates Blog at the site which has all sorts of detailed information, including some bright bits of news - for example, classes at LSU will be starting next Tuesday. Overall though, this is beginning to look nothing like the city had "dodged a bullet". New Orleans was not spared.
Also: a blog from the Times-Picayune. Unbelievable narratives.
UPDATE: The Governor of Louisiana has decreed that the whole city must evacuate. Text from AP/WWLTV:
Governor says entire city needs to be evacuated
03:29 PM CDT on Tuesday, August 30, 2005
With conditions in the hurricane-ravaged city of New Orleans rapidly deteriorating, Gov. Kathleen Blanco said Tuesday that people now huddled in the Superdome and other rescue centers need to be evacuated.
"The situation is untenable," Blanco said during a news conference. "It's just heartbreaking."
Because of two levees that broke Tuesday, the city was rapidly filling with water and the prospect of having power was a long time off, the governor said. She also said the storm severed a major water main, leaving the city without drinkable water.
The governor said that at midnight, all of the boat operators trying to rescue people from rooftops were told to take a break.
"They refused. They couldn't do it," Blanco said.
Blanco said some people who were stranded in a tall building, but rescuers couldn't get to that building because of the large number of people "calling to them and jumping from rooftops."
UPDATE 2: The French Quarter is now flooding.
I'll stop updating this post now.