my friend just returend from Buenos Aires. he was there for two weeks. we had studied and lived there for a year (1999-2000) so can compare. He said that in the city itself it's life as usual. still lots of things to do and see, and now it's cheap for americans. he said that outside of the city things are worse, but a tourist would not go to those areas. he did a three day trip to the wine producing region, Mendoza, and said it was incredible. it's mainly in the north of the country and in the suburbs to the south of Buenos Aires, that's where the problems are. but the City is still great- beautiful, good shopping, nightlife and restaurants. I love Buenos Aires and am looking forward to going back soon