Yeah... I've read the news and realize it's probably not the greatest time to jump in.
I disagree. Now, after bitcoin exchange rate has dropped it is a great time to get some bitcoins really cheap. The market confidence is at the all time low, so after mtgox opens people who lost faith in bitcoin will be dumping their bitcoins which will drive the price low.
I have got my first bitcoins for about $6 and I only regret not buying enough. So to fix that mistake, I will be buying now because as the confidence gets slowly restored the prices will get back up.