According to Al Hurra and Arab news he has been executed:

U.S.-backed Iraqi television station Al Hurra said Saddam Hussein had been executed by hanging shortly before 6 a.m. (0300 GMT) on Saturday.
The former Iraqi president ousted in April 2003 by a U.S.- led invasion was convicted in November of crimes against humanity over the killings of 148 Shi’ite villagers from Dujail after a failed assassination bid in 1982.

There has been no conformation yet.
Justice has been served and he has paid the debt for the murders of many of his citizens. Now all doubt can be put to rest that he can somehow find his way back into power. And the families of the victims and the rest of the Iraqis can celebrate:

A group of Iraqi-Americans gathered late Friday at a mosque in anticipation of Saddam Hussein’s execution, praying for the death of the former Iraqi dictator as drivers outside honked horns in celebration.
Dave Alwatan wore an Iraqi flag around his shoulders and flashed a peace sign to everyone he passed at the Karbalaa Islamic Educational Center in this suburb of Detroit, a city that has one of the nation’s largest concentrations of people with roots in the Middle East.
“Peace,” he said, grinning and laughing. “Now there will be peace for my family.”
Alwatan, 32, said Saddam’s forces tortured and killed relatives that were left behind when Alwatan left
Iraq in 1991. He was among about 40 men who gathered at the Islamic center.
The center’s director, Imam Husham Al-Husainy, said members prayed for Saddam’s death. Outside, traffic slowed as people drove in circles around the mosque, honking horns.