Which you really should be, especially with all the stuff that's been thrown around about it. Anyway, either way, you should check out this excellent post from Charlotte's Library.
Charlotte was lucky enough to attend the Kidlitcon this year, and last minute they lined up an FTC rep to come and talk to all us nervous bloggers. Charlotte gives a nice summary of what went on during the discussion.
My mind is much more at ease now, but I think I will still keep an eye on this to see how it develops in the future.