OK, quick summary.
One debris event seems to have occurred. It was recorded by the impact tranducers and there is damage along the chine. This is the area between the belly and the side upstream from the RCC panels on the wing. The damage appears very shallow, about 21" long. At this point it appears a focused inspection will not be required, but of course they could decide to do that if needed. Again, this info is VERY preliminary. It is not a high heating area, and if the damage is as shallow as it seems to be, they probably won't bother...but still could decide to do it to be sure. No major issues. Of course, once the data is downloaded and digested they will decide.
The RCS covers (probably what was noticed very early in launch) came off a little later than desired, but no problem.
They have decided to move up the TIG to about 6:27 EDT today to adjust the orbitand save propellant with the earlier time.
That's about it, all is well. They are about to command the HST to close it's aperture cover in prep for tomorrow's activities; AFAIK, the grapple is still expected at 12:54 PM EDT tomorrow, with the first EVA to begin just after (or before, knowing those astronuts
) 8 AM EDT Thursday.
Oh, one other thing, two lightning strikes were detected near pad B where the STS 400 shuttle is standing. No indications of any damage, but of course they will check the systems out thoroughly.
Currently on the main page is a closeup of the damage. I'll try and find a final link when it shows up, or I'm sure Andrew will post it.
http://www.nasa.gov/mission_pages/shuttle/main/