nodalpoint.org

I'm not sure "how scared we should be" - rather less than the commercial news networks would have us believe, I suspect. If you're looking to inform yourself about avian influenza (aka 'bird flu'), Flu Wiki is a good place to start.

Update: I just can't resist The Onion's Nation's Leading Alarmists Excited About Bird Flu.

This month's Nature Immunology contains a Commentary article, 'Bioinformatics for the bench biologist: How to find regulatory regions in genomic DNA' and an extensive accompanying tutorial that works through all the steps involved.
[subscription required, probably]