In short, we have just witnessed a complex global eruption involving almost the entire Earth-facing side of the sun.
A coronal mass ejection (CME) produced by the event is heading directly for Earth: SOHO movie. High-latitude sky watchers should be alert for auroras when it arrives on or about August 3rd.
I'm disappointed. These are usually a pretty good show in Idaho. Unfortunately, I'm in San Diego on a business trip.