Yesterday afternoon the State Department released its annual terrorism report. You can download html chapters or a full PDF from: http://www.state.gov/s/ct/rls/crt/2009/index.htm
The first paragraph of the Strategic Assessment reads thusly:
In 2009, al-Qa’ida’s core in Pakistan remained the most formidable terrorist organization targeting the U.S. homeland. It has proven to be an adaptable and resilient terrorist group whose desire to attack the United States and U.S. interests abroad remains strong. The U.S. intelligence community assessed that al-Qa’ida was actively engaged in operational plotting against the United States and continued recruiting, training, and deploying operatives, including individuals from Western Europe and North America. Moreover, al-Qa’ida continued to try to expand its operational capabilities by partnering with other terrorist groups, with varying degrees of success.