According to our European allies. I don’t think they trust the NIE report:

German Chancellor Angela Merkel and French President Nicolas Sarkozy have said Iran continues to pose a threat.
The comments came as US Secretary of State Condoleezza Rice began talks with European and Russian officials in Brussels on Iran’s nuclear programme.
A US intelligence report published on Monday said Iran had suspended a nuclear weapons programme in 2003.
But the report also said that Iran was continuing to enrich uranium, which can be used to make nuclear weapons.
Iran says the aims of its nuclear programme are peaceful.
“Iran continues to represent a threat,” Mrs Merkel said during a joint news conference with Mr Sarkozy in Paris.
She did not specifically express support for a new UN sanctions resolution against Iran, which the US is calling for.

OK, he’s still a threat but lets not impose sanctions. What? That doesn’t make any sense!