Meh.. too early to tell just yet. It seems like this virus is very contagious, and there is not much that can be done to prevent it from spreading. It might be one of those viruses that pop up every year. But I think if we get some good solid non-commie stats, from developed western countries:
1) it could show a low mortality rate and people will calm down
2) it could show a high mortality rate and then panic will start.
Personally, I don’t see a reason to freak out just yet. Let’s see how it plays out in Japan.