After researching this issue vigorously since it became one, I have come to a highly uneducated and likely premature conclusion, which deems it about as relevant and credible as any corporate sponsored news broadcast. So listen.
There is media hype and over exaggeration ado with the Swine flu which is being exploited by a variety of institutions, corporations etc. Pandemics come in waves (i.e. 1918 pandemic didn't become significantly fatal until second wave, about three months after 1st wave hit which was very similar in its effect to the current strain). For the sake of profit, the media has been crying wolf early in an attempt to create the need for vaccines, which now are being commissioned, so to be readied by the time the second wave hits (which most anticipate in fall, although some speculate sooner), in addition as its flu season in the southern hemisphere its expected it may take root there more firmly in the immediate months...
It would seem that the media needed to create a big enough stink about it in order to legitimate the production of these vaccines, to be administered in the fall when the big wave hits (the circumstances surrounding which are unknown, i.e. under what conditions one will be asked to take it).
The media is saying that the flu is under control, but few of them explain the concept 'recombination' wherein the virus circulates throughout the population and gains strength, and few go into explanations as to the nature of pandemic waves. The intentional exaggeration by mainstream media and the botched numbers in Mexico lead one to believe that they wanted to make a bigger deal over this then was necessary so to prepare people for a more serious wave in the fall. Not for the sake of preserving our best interests of course, rather to ensure big pharma had enough time to capitalize, and that governments can prepare to suppress their populations; Mexico already benefiting in this respect in its suppression of the militia threat in its own country. As has recently been documented by mainstream (fake) media, that knowledge of the outbreak preceded any media attention by nearly 3 weeks, in addition suspicious behavior has been noted regarding the covert transportation's of flu related material over a month ago (as documented in this weeks weekly update).
In short, from what I am hearing, the hype is dieing down to ensure this second wave, ensuring the virus spreads and incubates, while creating an atmosphere of ambiguity that keeps people on edge, with the added benefit of distracting us all away from any other issue that was relevant before last week, such as... we are bitch slaves to the Zion/ Aryan enmity. Anyways...
The first rule of fadsmashers is that anything popular is not true, the idea of media exaggeration became an issue in the media... even on Fox news, which basically confirmed for me that this is part of the deception. I think there is a threat, and they are doing whatever they can to capitalize on it efficiently in everyway possible (socially, psychologically, financially, politically etc.).

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