Image of the underwear from the 2009 plot

The Associated Press reports that the CIA "thwarted an ambitious plot by al-Qaida's affiliate in Yemen to destroy a U.S.-bound airliner using a bomb with a sophisticated new design around the one-year anniversary of the killing of Osama bin Laden... The plot involved an upgrade of the underwear bomb that failed to detonate aboard a jetliner over Detroit on Christmas 2009. This new bomb was also designed to be used in a passenger's underwear, but this time al-Qaida developed a more refined detonation system, U.S. officials said." UPDATE BELOW: The FBI says the public was never in danger.

Apparently the would-be bomber hadn't picked a target yet or bought tickets "when the CIA stepped in and seized the bomb." Now the FBI is looking at the bomb to see if it would have been able to pass through airport security and actually detonated: "They said the device did not contain metal, meaning it probably could have passed through an airport metal detector. But it was not clear whether new body scanners used in many airports would have detected it."

Intriguingly, the AP reports that it "learned about the thwarted plot last week but agreed to White House and CIA requests not to publish it immediately because the sensitive intelligence operation was still under way. Once those concerns were allayed, the AP decided to disclose the plot Monday despite requests from the Obama administration to wait for an official announcement Tuesday." So much for the claims that there weren't any anniversary plots.

In the 2009 plot, Umar Farouk Abdulmutallab tried to destroy a Northwest Airlines flight landing in Detroit on Christmas Day.

Update: The FBI just released a statement: "As a result of close cooperation with our security and intelligence partners overseas, an improvised explosive device (IED) designed to carry out a terrorist attack has been seized abroad. The FBI currently has possession of the IED and is conducting technical and forensics analysis on it. Initial exploitation indicates that the device is very similar to IEDs that have been used previously by al Qaeda in the Arabian Peninsula (AQAP) in attempted terrorist attacks, including against aircraft and for targeted assassinations. The device never presented a threat to public safety, and the U.S. government is working closely with international partners to address associated concerns with the device. We refer you to the Department of Homeland Security, including the Transportation Security Administration, regarding ongoing security measures to safeguard the American people and the traveling public."