John,
True there is still lots of work left to be done. The downtown area of New Orleans is pretty much intact with restraunts open full tilt and lots of hotel rooms. There is a big Realtor convention there this week(35,000 plus attendees). As for the east, where they are talking about this track being built. Its pretty much a ghost town, lots of recovery still needs to take place there. But it is slowly coming back, only time will tell how much!