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Swiss astronomers have discovered that the Neptune mass planet orbiting GJ 436 transits its host star. The planet was discovered back in 2005, but was just found to be transiting. This is arguably the most exciting exo-planet news this year since it opens the window to studying the structure of smaller planets - and indeed, the thing has a radius that's comparable to Neptune. That tells us that the planet is largely composed of water (ices) rather than rock or pure hydrogen, formed beyond the snow line, and has migrated in. The planet has a fairly high eccentricity, so there may very well be more planets in the system, which may also be transiting. If you can do better than 1% photometry (many amateurs can, the transit was first detected with an amateur class telescope), I highly recommend that you follow the thing up!<br /><br />More info here:<br />http://oklo.org/?p=213<br /><br />and here:<br />http://www.swissinfo.org/eng/front/detail/Small_Swiss_observatory_finds_ice_planet.html?siteSect=105&sid=7826748&cKey=1179329826000<br /><br />The discovery paper here:<br />http://xxx.lanl.gov/abs/0705.2219<br /><br />In terms of scientific impact, I'd say this is significantly more exciting than the discovery of the potentially habitable planet a few weeks ago. <div class="Discussion_UserSignature"> </div>