This is not a blow by blow, but a summary of the information Ive seen and heard. The situation is still critical and IMHO Israel still has the green light to continue for an indefinite period.
Overnight Activities
Things were quiet last night in the sense that nothing new nor serious happened. The nature and extent of the combat continues as it has the past several days. Evacuation of foreigners from Lebanon continues uninterferred with by either Israel or Hezbollah. RUMINT is rampant today regarding the potential attack on Tel Aviv a possibility, but timing is stilly largely speculative. Also, more RUMINT from Iran hinting on the possibility that they will have nuclear capabilities soon and / or some sort of strike on Israel is imminent. One rumor indicated that today would bring a big announcement. As of this posting it is about 8 P.M. in Iran, so it is unlikely this rumor has any validity to it.
Another limited IDF incursion into Lebanon
Israeli troops have entered southern Lebanon for the second time in two days. Like the last raid, this one had the limited objective of destroying Hezbollah strong points on the Lebanese border, as well as "searching for tunnels and mines" in the region.
Yesterdays alert was due to inferring too much into the report. It appears that for the next couple of days Israel will be conducting these reconnannisance in force missions to clear the initial assault paths, gauge Hezbollah response and tactics and finally to mask the real offensive. IDF spokesmen have been saying that Israel is not planning an invasion of S. Lebanon, but without boots on the ground, Hezbollah would be quick to move back into the areas.
Rockets continue to fall
Rockets continued to be fired into N. Israel with Haifa being hit by 80 in a 10 minute period. However, newswire reports indicate that the rockets have been falling in areas where only minimal damage can occur. This indicates that the air attacks have been largely successful in denying the favored launching sites from Hezbollah.
Gaza
Not to be forgotten, IDF has continued to strike various areas in Gaza to take out Hamas targets. Ground forces have been moving into and out of objectives, cleaning out Hamas pocket.
Central Israel on concrete HIGH Terror Alert
Central Israels Tel Aviv and Sharon districts are on high terror alert for two Palestinian suicide bomb squads reported heading for attack in two vehicles a brown Hyundai pickup and green Mazda Lantis. Overall, terror alert status has increased as Hamas and PLO try to infiltrate into Israel in support of Hezbollah and distract Israels efforts there. So far their attempts have been largely unsuccessful.
Thank you Godzilla for that summary.