I was just listening to this week's episode of Big Picture Science http://radio.seti.org/ where they addressed this issue, and the scientist they interviewed claimed that the toads that started this whole thing naturally migrate every year. Not sure who's right, but I'm more likely to believe it was a fluke until they can actually prove the ability to predict an earthquake before it happens, and not after.

Phil Plait has just put up a blog post explaining that it's probably a lot less likely than than these other guys have made it seem. http://blogs.discovermagazine.com/badastronomy/2009/06/05/flying-the-meteoric-skies/

They are working on it. http://www.psp-linux.org/