It has been confirmed that there is a Ping with the right frequency at about 4000m below the surface.
An Australian Ship has been the second ship to pick up the signal. HMAS Ocean Shield detected the signal about 2 kms from the Chinese coords!
The Royal Australian Navy will soon deploy drone robots which will be able to photograph and video the ocean floor to find the wreckage and from there they will send a submersible robot to recover the Black Box.
The Australian SAR Coordination Centre remains cautious and will not confirm or deny that the signal is in fact the ELT from the Black Box of MH370, until their drone robots are able to physically provide the tangible evidence.
HMAS Toowoomba, a Guided Missile Frigate is on its way, and necessary because it appears that the Chinese Government has gone all rogue and is not fully cooperating with the Australian Authorities. The Royal Australian Navy will need to secure the crash site from possible contamination.
So far looks very promising but let's remember it was China that prematurely released this info rather than handover vital information to the Malaysian Investigators and the Australian SAR Coordination Centre who would have no doubt suppressed the information until retrieval.
http://touch.latimes.com/#section/-1/ar ... -79835331/