The match started today, six games, here is a good overview article. Kramnik gets a million dollars if he wins, $500,000 otherwise.
Here are the rather complicated match rules; Kramnik has unparalleled access to the opening book and workings of the machine. Here are numerous expert opinions, many favor Kramnik. Sorry guys, but I predict one computer victory and the rest draws. Here is commentary by Kramnik. You can watch the games live here.
One commentator put it well: "The last match was drawn – against a weaker version of Fritz on lesser
hardware. And there’s no reason to think that since that match, Kramnik
has learnt to calculate an extra 6 billion positions per second."
But so far, in game one, the outcome was a draw and Kramnik had a slight edge throughout…
Addendum: Kramnik missed a win.