This is either the best news you'll read today or a sure sign that we're all doomed. You decide.

Hurricane expert William Gray downgraded his forecast for the 2006 Atlantic storm season again today, predicting one more hurricane, two more named storms but no intense hurricanes.

The new report calls for a below-average hurricane season, with a total of six hurricanes and 11 named storms.

Gray and fellow Colorado State University researcher Philip Klotzbach cited El Nino conditions for the reduced number of storms.

"August was inactive, but September had above-average activity," Klotzbach said. "We expect October to have below-average activity largely due to developing El Nino conditions in the central and eastern Pacific. November activity in El Nino years is very rare."