I got into work today, and there was a meeting scheduled for 10:15 for the whole department. The only description of it was "Department Announcement". The last time we had a hastily scheduled "department announcement" we completely scrapped 90% of what we were doing. Of course, it could also be a gala event celebrating the fact that I'm now a full-time developer (well, sortof).
Stay tuned... Anything could happen.
Update: Someone on our team got promoted. Phew. Of course, it wasn't me, but at least we didn't all get sacked.