The site, which straddles 30,000 square meters of ocean floor off the southern Peloponnese, is believed to have been consumed by the sea around 1000 BC. Although discovered by a British oceanographer some 40 years ago, it was only this year that marine archaeologists, aided by digital technology, were able to properly survey the ruins.
What they found surpassed all expectations. Thanks to shifting sands and the settlement’s enclosure in a protected bay, the exploration revealed a world of buildings, courtyards, main streets, rock-cut tombs and religious structures. In addition, the seabed was replete with thousands of shards of pottery.
(via Paul Bingman)
There are many speculative locations of Atlantis.
This seems more legitimate than these others.
(*sigh*, Mac would have loved to have read about this… I found that Cyprus theory link on his blog…)