I'm following the situation in Bombay, but I'm waiting until there's a better sense of who is behind it to hazard much of an opinion. India's had its own homegrown Hindu/Muslim problem for oh, I don't know, five hundred years, so this could be just a part of that. Or it could be AQ inspired. Or it could be AQ planned.
But we just don't know right now, so I'll just be quiet until we have some better information.
UPDATE: for good in-stream coverage, out this site.