Still down for me. BTW, here's an interesting attempt by someone else to sell their bitcoins that could possibly suggest manipulative practices by coinbase:
http://www.brandonorndorff.com/bitcoin/exchanges/coinbase-buys-and-sells-are-currently-paused/Not hard evidence by any means but could be possible that they only will let you sell once bitcoins have gone down below a threshold that they set to give you less money and increase the gap between what they will let you buy them them for and what you *can* sell them for for increased profit margins.
Anyway I'm going to stop transferring bitcoins to them for a while until I regain confidence in their service or they post an update acknowledging their current paused state.
Edit:
Just got a sell in. Seems there are small windows for making sells possibly *sigh*