Conservative Anglicans to announce schism ?(Updated)

Well this seems significant and indeed sad and perhaps more tragic necessary. Catholic World News has the story that is running with what is in the London Telegraph.

I have to admit I am tad wary to think this will actually happen. I will try to update with what the Anglican blogs are saying as to this later

Update- Again take what you read in the London Telegraoh at times with a grain of salt :) The Australian folks said no Schism imminent

The Anglican Site TitusONEnine is a place to look to follow at the latest on this. They have interesting comments too. The articles they have linked on this important conference so far are:
Smiles all round as Gafcon delegates start arriving
Sydney Anglicans--GAFCON: The end of the Communion is not nigh
Church Times: GAFCON and the parting of the ways
Church of England Newspaper: Gafcon ‘will set the future for the Church’
A Telegraph Editorial: The Anglican Church is divided, but not fatally
An Episcopal News Service Article on the GAFCON Conference
NY Times: Rival Conferences for Anglican Church
Key Document Released as GAFCON moves to Jerusalem