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Are we only seeing a very basic representation of the war?
Yes, we are definitely only seeing the basics, and I think that the media is relatively limited as far as their current info goes, because they were taken off guard by the "Decapitation Strike" (New buzzword). There are a lot of unanswered questions about that, and the networks seem to be using a lot of filler right now. I was watching CNN all last night, and I had the distinct feeling that I was watching the home shopping network when they were flouting our weaponry.

Also, there seems to be a large amount of speculating and editorializing going on without many solid facts. I saw some liberal spin. I saw some conservative spin. In reality, I think we just have to wait for further developments.
I also visited the Iranian news sites last night, and they were already talking about the oil wells in the south of Iraq being on fire. We didn't hear about that until this morning, as far as I know. They also, because of their own position, listed a lot of the dissenting views of countries that had made statements of condemnation against the war, but they declared their own neutrality. If you really want to get a semi-accurate depiction of the war, I would suggest visiting as many foreign news sites as possible, particularly from dissenting countries, and juxtaposing the data that you get there with the data we're getting here.