At the moment, I would suggest that it might well be worth keeping an eye on Liuzzi's lap times, as he is running a full race simulation (so we should start to find out what a typical race pace should be).
Webber, meanwhile, has set a fairly quick time, with a 1m22.332 (set during a two lap, low fuel run) - although the times are still quite a way off the qualifying times of 2009, they are starting to come down into the lap times set during the races (by way of a benchmark, Rubens set a 1m22.7 last year, as the fastest race lap, whilst the qualifying laps were down in the low to mid 1m20's), which makes me suspect that most teams are probably running with a medium lenght stint of fuel on board, but are probably going to wait until the end of the day for the low fuel glory runs.
Meanwhile, it appears that Mercedes aren't bringing their new parts until tomorrow (there is talk of revised body work, possibly accompanied by small tweaks to thr front wing - although the jury is still out over whether there will be an updated diffuser, or whether that will only make an appearance at Bahrein).
Meanwhile, Ferrari are continuing to trial a new set of wheels (which first appeared towards the end of the Jerez test), with the wheel hubs seemingly shaped to assist brake cooling:
Update as of noon - it appears that Virgin's fortunes go from bad to worse, as Di Grassi has had an accident at turn 9, crashing the car and causing quite a bit of damage, according to Autosport reports. Ferrari, meanwhile, have finally managed to get Alonso back on track, following earlier mechanical problems, but it has cost them nearly 2 and a half hours of running time (and they only managed to get about 15 minutes in before the lunch break). Meanwhile, Lotus are currently stuck right at the bottom of the timesheet, nearly 3 seconds off the VR-01 and over 8 seconds off Webber, although it does seem that Lotus have been mostly running installation laps and engine tests, so the times are a little off their true potential.
Webber, meanwhile, continues to demonstrate how quick Red Bull are, setting a 1m21.487s earlier on (and is the fastest time by over a second) - the car does look strong in qualifying trim, but we'll have to wait for a long run to get a better idea of the RB6's race pace.