UPDATE, 11:30 am, Thursday, At a Tokyo press briefing today, Tepco officials said that there is likely a hole inside the Unit 1 containment which is allowing highly radioactive water to leak—where the water is leaking to isn’t known at this point. Tepco has flooded Unit 1 with some 11 million liters of water so far, and the unit can only physically hold less than 8 million liters—although much of that loss could have been by evaporation and release of radioactive steam. But now Tepco admits that the fuel rods inside Unit 1 are essentially uncovered—meaning that much of the water poured into the reactor has leaked back out. Much of the fuel—exactly how much isn’t known–is now a molten mass on the bottom of the reactor vessel.
Update