The problem is, the Japanese government and TEPCO could simply be playing everything down here to avoid mass hysteria. The foreign media on the other hand, want to hype up the situation to create mass hysteria as that sells.
Ultimately, I don't think we can actually truly believe what either is saying.
One things for certain, TEPCO can't stick to their own schedules. We've now been informed that our power is going out for 3 to 4 hours far earlier than previously announced. So now I'm desperately trying to warm up at least one room.
Trilarion: Well, here they are normally located near big rivers, because somehow the demand for water cooling is really high. I guess in Japan, with so much coast and not enough land, they decided to go for coast. In France there are nuclear power plants near the coast as well. Well afterwards one is more clever. Going 1 or 2 km away from the shore might have been better.
The problem is, Japan really doesn't have anywhere that isn't on or right near a fault line. And with around 70% of the land unusable (too mountainous, etc.) there really is little choice as to where to build such installations.