I think some are looking at the step function on the IFR. With 90% of the deaths here in WA being people above 60, it is very misleading to look at a single population summary metric.

Put simply, this is more contagious than the flu, likely due to it being novel. It is vastly more deadly than the flu for elderly. Probably more than just an order of magnitude. That is, if you take out the people under 40 from the case rate, the IFR shoots way up. At a frightening level.