Wow......I've been trying to cool people down about the nuclear situation on another forum, and I missed this discussion by people that are far more mature then the before mentioned forum.....
Not to jump on anyone, but I am just going to post exactly what I know. I'm not a nuclear physicist (though I've considered it before) but I do quite a bit about whats happening at Fukushima.
First off, its getting worse with every day. However, the fears of a Chernobyl style disaster are simply not real. The reactor is a completly different design, and the Soviet built Chernobyl reactors were a joke (well, maybe thats poor wording). Their containment structures were lax, and the disaster happened while preforming an experiment which involved doing something the reactors were never designed to do, and when things went wrong, they were already in a bad situation.
I've seen a few posts mentioning concerns about the explosions. 3 have occured so far. All of them are hydrogen explosions caused by heated Ceasium 135 in the control rods, mixing with the water, producing hydrogen. When the excess pressure (steam) was vented into the containment building, the hydrogen dispersed into the building, and a spark ignited it. 2 of the 3 explosions were pretty minor, destroying only the outer building around the reactor, but not damaging the containment vessel that the reactor sits in.
The third explosion was different. It to was a hydrogen explosion, but it apparently occurred within the cooling system, not in the reactor building. The fear is it damaged the containment vessel, allowing an escape route for nuclear contaminated materials. But none of this can be confirmed, because no one can get near the reactor because of radiation.
Now, about the meltdown. What is happening is a bit of an Apollo 13 scenario. This many things were never meant to go wrong at the same time. These reactors are nearly 40 years old. They use electric pumps to move coolant around the reactor core to cool it, and produce steam. When the earthquake hit, the reactors did what they were designed to do, they SCRAMed. They stopped producing electricity, but not heat. The backup generators kicked in to take over the coolant circulation. Well, then the Tsunami hit, it damaged the backup generators, causing them to break down, and allowing coolant stand rather then circulate.
Sound like a design flaw? Well, yes, because of the age of the reactors. Modern reactors use gravity if they lose the electric pumps in an emergency to circulate water. All it takes is the turn of a valve, and gravity, which is constant in the universe, will work to slowly circulate the water, keeping it and the reactor core cool, and preventing the buildup of pressure (steam).
Well, old reactors don't have that feature, so several times the water level has dropped below the core's on reactors 1, 2, and 3, causing partial melting of the core. None of this has caused any damage to the containment vessel....yet. They have been able to keep the water levels high enough to prevent a total meltdown. What happens there is the core basically becomes a molten blob of radioactive material that is in an uncontrolled reactor and could melt through the crust of the earth if nothing stops it (see China Syndrome). Three Mile Island got close to that, but the reactor only lost about half its fuel to melting. Even if that does happen, there is a chance both the containment vessel, and the think concrete pad which it sits on will prevent this molten blob from melting into the Earth.
The fire at reactor 4 is more worrying then a total core meltdown. Reactor 4 was offline for maintenance during the quake, and all the fuel rods had been removed. The fire was in the fuel rod storage pond, basically a 40 foot deep swimming pool (don't even think about swimming in it, you WILL die) where nuclear material is stored under water to prevent radioactive contamination, and keep the fuel cool. Apparently, the explosion at reactor 3, which was pretty violent if anyone has seen the video, damaged the pool. Water levels have not been able to be maintained, and the fuel was briefly exposed, causing a fire. It was put out, erupted again, and I don't know whats happened since then.
Whats being done at Fukushima? Everything they can. The people there are Hero's. They are working at radiation levels far above legal safe limits, and even had to leave when it became toxic for a brief period of time. They are putting sea water into the reactors to cool them. This destroys the reactors, they will never function again. They will be Billion dollar paperweights. Clearly they are willing to do anything to prevent a terrible disaster. Experts are pouring in from around the world, even some who were involved at Chernobyl 25 years ago. Here in the US, we have nothing to fear. The amount of radiation that could reach the US might be slightly higher then background levels, but no more then getting an X-Ray at the Dentist (I had 12 X-Rays on my last visit). In Japan, do what the authorities tell you. Stay safe, and stay alert. The levels are still quite low, most of its blowing out to sea, but it is still higher then background levels.
Nuclear power is still one of the safest and cleanest forms of energy around. I have documents, graphs, and PDF's from around the world to back me up on that.
And most of all, keep the brave men at that plant in your thoughts, prayers, whatever it is you do. They are Hero's, the world is watching them do what they were trained to do. Their efforts at that plant are whats keeping this specific disaster small.
And best wishes to the some 10,000 missing in Japan right now, as if you don't already have enough to deal with.