Gravitational Wave Detection Imminent?

Seumas Hyslop writes "The UK Telegraph is reporting that we may finally have equipment that are sensitive enough to measure gravitational waves, which are incredibly small and have evaded detection despite the theories that they are present as a way of explaining gravitational effects. Basically, a laser beam is split into two branches that are sent down two identical 2000 feet long tubes and back again via mirrors. Assuming the two arms remain exactly the same distance, they will cancel each other out. But the scientists think that the beams will interfere with each other owing to the effect of gravity, meaning the length of the branches is altered and a gravitational wave has been detected."