The ozone layer isn't the only protective shield getting depleted. Apparently, our protective magentosphere is riddled with two gaping holes which means it's open season for solar winds itching to get close to us.
The magnetosphere is essentially a bubble of magnetic flux that envelopes us and guards us from the lashings of solar winds. Solar winds that penetrate this cloak can reverberate around, gradually energize and trigger electrical storms. Possible consequences are power outages, disruption of aircraft flights and damage to orbiting satellites.
Geophysicists are somewhat perturbed at their realization that their knowledge of the dynamics behind cleaving of the cloak was deficient. It was always believed that the magnetosphere was at its most vulnerable when the magentic fields sported by the sun and earth were oppositely aligned. Turns out that the potentail for damage when they are aligned with each other is 20 times higher.
Flights by NASA satellites through the emerging hole have established a high rate of solar wind penetration - one of the holes is 4 times bigger than the Earth itself.
The solar cycle will be at its peak in 2012. That give us just enough time to figure out how much damage the winds from the sun can cause and how best to minimize the damage.