Officially announced Panda Algorithm Update is coming soon. It was announce in Twitter
Gary said to expect it in the next two, to three, to four weeks. This is only data update and not algorithm update. The difference will be visible only after the update.
Some websites may be recovered and some will be panelized, so let’s hope that all will go smooth.
Check out German / Google Webmaster Central Sprechstunden-Hangout auf Deutsch in below video