The CDC is in Atlanta, and a separate organization than WHO. I am a family physician, and there has been less about the flu in the news recently, and fewer patients coming in with flu-like illness. During the month of April, we tested probably 50 people for flu (after the reports of swine flu), and had no positive results.
Pandemic just has to do with spread of the flu to different geographic regions; it doesn't necessarily have to do with the severity of the illness. The H1N1 flu is sensitive to Tamiflu. I was on vacation with my family last week at WDW, and I almost took a prescription of Tamiflu with me, but, then, decided it wasn't worth the copayment when I likely could simply call in a prescription if any of us developed symptoms. It wasn't big in the news in Orlando, either. I heard nothing at all about it in the 45 minutes each day I spent watching the TV while using the elliptical at the gym.