In a shock victory Uzbek GM Rustam Kasimdzhanov defeated Britain's Michael Adams in the tie-break games today to win the FIDE world championship in Libya. Adams was clearly winning with white in the first game, then let it slip and in the end lost. In the second game "Kasim" held the draw quite easily.
http://www.chessbase.com/newsdetail.asp?newsid=1787However, one can hardly call this a real world championship. It was a strong and sometimes nerve-wrecking tournament, but not worthy of a world championship:
Israeli players were de facto prevented from playing in Libya.
The world's strongest players all declined to participate.
Kasparov (#1) is automatically seeded into the "next round", the first leg of an attempt at the reunification of the world chess champion title, and therefore did not play. Anand (#2) objected to that. Kramnik (#3; current "traditional" world champion who defeated Kasparov in 2000) and Leko (#5) will play their own match for the title in September.
Kasimdzhanov (#54 of the FIDE rating list) will have only a few months to enjoy his new title, before he has to defend it against Garry "The Monster" Kasparov.