Code red- Returning?

["McBurnett, Jim" <jmcburnett () msmgmt com>]

Has anyone out there noticed an increase in a Code-Red patterned virus?
I know about the Microsoft bug that came out yesterday/last night.
But I am seeing the same symptoms as Code Red,
800+ hits in the last 12 hours, from the same Class A network I am on.
The amount is increasing per hour..
It started with 50 the first hour and now it just about 150 an hour...

Thoughts?

thanks,
Jim