From http://spaceweather.com/

"FIRST METEOR SHOWER OF 2012: The annual Quadrantid meteor shower peaks on
Wednesday morning, Jan. 4th, when Earth passes through a narrow stream of
debris from a comet thought to have broken apart some 500 years ago. The
shower is expected to be strong (as many as 100 meteors per hour), but
elusive, with a peak that lasts no longer than a couple of hours. The
shower's radiant near Polaris favors observers in the northern hemisphere.
Images, live audio from a meteor radar, and more information are available
on today's edition of http://spaceweather.com.

Earth is about to pass through a stream of debris from 2003 EH1, a comet fragment that produces the annual Quadrantid meteor shower. Forecasters expect the shower to peak around 07:20 UT (02:20 am EST) on Wednesday morning, January 4th. At maximum, as many as 100 meteors/hour could emerge from a radiant near Polaris, the north star"