Another Panda update?
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Our high quality (IMHO!) editorial technology site got hit by around ~20% of Google search referrals when Panda went live in the UK on the 12th.
But the last couple of days it's returned to "normal".
Is that the effects of our frantic scrabbling around trying things, or have Google tweaked the algorithm again, to remove the editorial sites which got caught accidentally?
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Have you made any changes in response to the Panda updates? Have you removed some of the weaker content or bolstered it? Have you done extra link building?
It might be Google correcting themselves, or it could be a number of other things if you have made any of the aforementioned changes to your site. If you think your content really was quality from the start, it very well could be Google correcting themselves.