There is a tiny but none zero chance that it could collide with the Earth. It is classified as a PHO (potentially hazardous object.)
http://ssd.jpl.nasa.gov/sbdb.cgi?sstr=C%2F2010%20X1;orb=1;cov=0;log=0;cad=0#orb
check out orbit between OPct- Nov 2011
Sure hope it’s just a flaming ball of gas
This elinin (also spelled elenin) watcher posted 7 March and predicted major earthquake for 11 March, she hit the prediction jackpot
This was uploaded on 7 March, 4 days before Japan earthquake, just saw it today
http://www.youtube.com/watch?v=95zMdTvoqcQ