Awesome effort from Ponting and Katich, its been a brilliant partnership so far which has certainly brought Australia back into the game, I'm sure this might have already been mentioned, but Ponting' ability to ton up in the opening game of a test series is pretty unbelievable, yesterday he batted with a lot of resolve and that's probably one of the most determined knocks, I have seen him play in recent times.
AFAIC, the things are still pretty even, its important Australia don't lose focus here and now they should look to score as many runs as possible in their 1st innings, in order to assure that they don't chase too many runs batting last.
The thing that has really been annoying though has been constant discussions that the commentators keep on having about Hughes' technique (or the lack of it), he is an unorthodox player, who has developed his own technique, and irrespective of how he performs, I think his technique shouldn't be tampered with.