This is Iran's "Stunning Punch" at the West?

For days people have been wondering about the dangerous sounding threats from Iran that were promised for today. This is it?

Iran is now a 'nuclear state', President Mahmoud Ahmadinejad announced this morning.

He spoke as tens of thousands of people took to the streets in Tehran to mark the 31st anniversary of the Islamic revolution.

There are fears of violence as opposition and pro-government supporters are expected to meet at rallies in a show of popular strength unmatched since the revolution itself.

Today Ahmadinejad told scores of cheering Iranians that the Islamic Republic is capable of producing weapons-grade uranium.

I'm sure some were afraid that Iran might try some foolish military strike against Israel or perhaps U.S. targets in the Middle East, but it seems as usual (and thankfully) it was all bluster. Announcing they can now make weapons grade uranium will simply encourage Israel and perhaps others to seek ways to destroy their capability as soon as possible.