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http://www.arsmathematica.net/archives/2007/05/22/latest-on-latest-paper-on-arxiv/
A couple of months ago I linked to Tribikram Pati’s purported proof that the Riemann Hypothesis was false.
Bernhard Krötz has been working his way through the paper and posting periodic updates in the comments of that post. He has completed this project, and in his opinion the proof is correct.
I would still be surprised if this is really how the Riemann Hypothesis meets its doom, but Bernhard deserves recognition for taking the time to read the paper carefully and keeping us updated.