More detailed discussion of the mechanics of a hybrid elcipse can be found at NASA Goddard Space Flight Center, and a general article on solar eclipses at Wikipedia.
For those who live in the Southern US, the eclipse will be visible as a partial eclipse, meaning the sun will appear to have a piece cut out of it - the moon will not completely cover the sun. Those living in south Texas and south Florida will have the best view, although a 5% eclipse will be visible along an arc approximately from Washington, D.C.; Cincinatti, OH; St. Louis, MO; Southern Kansas; Texas/Oklahoma Panhandles; Central New Mexico; Phoenix, AZ.
Table of over 100 US Cities, to get detailed viewing information for your location. Example for Huntsville, AL below.
If I'm truly nuts, I'll haul-ass south to get a better view/pictures.
I don't think I'm that nuts.
Some links from NASA Goddard on solar eclipse photography and videography. Yes, there will be loads of pics here and on Flickr of the eclipse. Maybe even some eclipse liveblogging, you never know.