Gunung Merapi in Indonesia is beginning an eruption, and there are indications that it could be major — bad news in that densely populated region. I’ve been keeping an eye on the webcam (you will need to refresh the image every 30 seconds or so), ((Link removed — some creeps hacked the website.)) and I grabbed a few screencaps of the mountain in the early morning light. See the comments at Eruptions for discussion of the activity.
Update: Merapi did indeed erupt. There’s much discussion and many links here and here.
Update II: The eruption is turning out to be every bit as bad as feared. The best source of information remains the Eruptions weblog. Reuters pictures of Merapi, and also of Anak Krakatau (Krakatoa, Jr.), can be viewed here.
Update III: Here’s a regularly-refreshed link to the Merapi webcam. The camera has a good, close view of the mountain, which means that the image is frequently obscured by ash on the lens.
Update IV: Some very good pictures here.