Hiked Lye Brook in Manchester, VT last week and yes besides what some people may have heard the falls are still there. Irene definitely made its mark and the trail stayed intact until right before the falls which is where people may have gotten a bit confused. A major landslide happened about 200 yards before the falls *pics below* so some assumed they got washed away but if you cross the landslide the falls may have shifted a little bit but are still there and beautiful as ever. I don't find this hike very difficult but it is really to interact with other hikers (met a few post tailgaters :beer and seeing the falls at the end, especially in autumn is a really nice reward.. Anyways, here's the landslide...keep walking and you'll find the falls.