The current death toll is 130, with 750 homes destroyed. The fires are still burning out of control.
The latest news can be found here. On this site is also a message board where people are trying to find out about friends and relatives, it's pretty sobering to read the number of "can't contact" messages.
Photos of the tragedy can be seen here.
Via "The Killfile" there are a number of twitter accounts publishing regular updates on the fire and warnings, e.g. 774melbourne.
Please continue to keep the residents of Victoria in your thoughts and prayers.