There is a lot of irrelevant stuff in the log. This is what a block download looks like:
Committing 446 changed transactions to coin database...
SetBestChain: new best=000000000000001271cfcf276630c89b8c5efb05b714d525cf49ebe2e6ba531b height=233478 work=1089949624432044523893 tx=16862064 date=2013-04-28 00:10:55
ProcessBlock: ACCEPTED
received block 000000000000010e64ac023847f26c317191da1e3beaafa4d3ac42623bcd856d
Committing 170 changed transactions to coin database...
SetBestChain: new best=000000000000010e64ac023847f26c317191da1e3beaafa4d3ac42623bcd856d height=233479 work=1089988169328081528408 tx=16862127 date=2013-04-28 00:12:22
ProcessBlock: ACCEPTED
received block 000000000000015bb9d9c0ba36dec83f2aa14692789e121a26c50759917a50c8
Committing 585 changed transactions to coin database...
SetBestChain: new best=000000000000015bb9d9c0ba36dec83f2aa14692789e121a26c50759917a50c8 height=233480 work=1090026714224118532923 tx=16862343 date=2013-04-28 00:21:36
ProcessBlock: ACCEPTED
received block 000000000000017ca936f9d8679a1860b88338c866aca212ae0d75db11d4f65b
Committing 356 changed transactions to coin database...
SetBestChain: new best=000000000000017ca936f9d8679a1860b88338c866aca212ae0d75db11d4f65b height=233481 work=1090065259120155537438 tx=16862538 date=2013-04-28 00:23:17
ProcessBlock: ACCEPTED
received block 000000000000006213c4d4c2c218c9b4088767600bc514ae3d5428823cc5f7ef
as long as you see continuing block downloads, everything is fine. The number of blocks remaining is obtained from a calculation of the most recent block number from multiple peers - if you don't have enough peers for consensus, or one is sending you bad data, then Bitcoin will use block 216116 as the best height in it's display calculations instead.