The event itself is certainly noteworthy, but there aren't many details yet. All we know so far is:
1. Flight 370 was carrying 239 passengers and had 7.5 hours of fuel for a roughly 6 hour long flight from Kuala Lumpur to Beijing
2. The flight dropped off the radar and lost all radio communication, and it never arrived at its destination nor returned to its origin.
3. The last known position of the plane was off the northwestern coast of Malaysia; hundreds of miles off-course and going in the opposite direction of its destination.
4. 2 Iranian passengers were confirmed to be in possession of the stolen passports; one of them was trying to get to the Netherlands, the other, to Germany. One of the passports was stolen 2 years ago, the other one last August.
5. Although there are currently 10 countries assisting in the search, absolutely nothing has been found to indicate the location of the missing jet. The oil slick and debris were unrelated.
As tragic, disturbing, and eerie as this is, I would say wait until more details emerge unless you want an entry that will need to be consistently updated. This could be a very long ordeal.