There is a fine line between a tropical storm and hurricane. Apparently now that Irene winds are now blowing at a rate of less than 75 miles per hour it is no longer a hurricane, but rather a tropical storm.
(More about the difference between a tropical storm and a hurricane coming soon.)
Whether it is a hurricane or a tropical storm, either way it is a natural disaster capable significant damage. On the other hand, the storm is said to be currently less severe in New England than it was in New York.
Here is some information about tracking the progress of this storm:
'via Blog this'
According to the link above, Irene developed into an 8-foot Atlantic storm that rapidly surged toward New York City. As of 10:30 a.m. more than 900,000 homes and businesses experienced power outages. This number is likely to rise as the storm most up the coast.