If the events in Japan these last few days have proven anything, it's be prepared in the short term as well as the long term.
This weekend has been a real eye opener to my wife and I as we have noticed our 72 hour kits have become woefully disorganized and underequipped. Looking at the most likely potential disasters for our area, we've realized we need to really focus on those disasters and hope anything that really happens either falls in those categories or is generic enough to be survivable with common sense and good basic equipment.
We have also gone through our pantried food storage and reorganized our shelves after the Ridley's case lots sale purchases. It's amazing both how much and how little food one can have, plenty of food to survive for 3-4 months, but there are some gaps in our coverage that need to be addressed. We have plenty of canned vegetables and fruits, and plenty of dried grains and legumes, but basic items like yeast, salt, and vinegar need to be built up considerably.
With all the focus on Japan, let's not overlook the lessons taught to us from this tragedy. If the tsunami that hit Sendai had hit any metro area on the West Coast, the death toll would be considerably higher. Japan has encouraged it's citizens to be prepared for exactly the event that happened, and it paid off in a big way.