Another one for the "Comrades! We have exceeded our five-year plan!" Department. From [1] AP, with thanks to Skeetstreet:

ISLAMABAD, Pakistan (AP) -- Senior Bush administration officials have warned in recent weeks that al-Qaida is regrouping for another massive attack, its agents bent on acquiring nuclear, chemical or biological weapons in a nightmare scenario that could dwarf the horror of Sept. 11.

But in Pakistan and Afghanistan - where Osama bin Laden and his chief deputy are believed to be hiding - intelligence agents, politicians and a top U.S. general paint a different picture.

They say a relentless military crackdown, the arrests last summer of several men allegedly involved in plans to launch attacks on U.S. financial institutions, and the killing in September of a top Pakistani al-Qaida suspect wanted in a number of attacks - including the 2002 killing of Wall Street Journal reporter Daniel Pearl and two failed assassination attempts against President Gen. Pervez Musharraf - have effectively decapitated al-Qaida.

Swell. But here is a [2] more realistic report.