This morning (Wednesday 04 January 2012) at around 0530 the Quadrantids meteor shower reached its peak activity rate. According to the International Meteor Organisation the ZHR(max) was 78 +/- 7. As is usual with this meteor shower the peak was quite narrow, with activity starting to increase after 0000 on 04 January, and dropping off again by 1800 the same day.
As was predicted, observers who were out under clear skies between 0430 and 0630 would have got the best views, as within this two hour window the Moon had set and the Sun had yet to brighten the sky. The ZHR(max) of 78 was rather disappointingly low compared with the predicted maximum rate of ~120, but predicting these things isn’t an exact science. The IMO estimated that the rate usually falls somewhere between 60 and 200, so this year’s shower was certainly at the lower end of that, however that might be down to the fact that few people had clear skies (a common problem at this time of year) and so some meteors were missed.
A ZHR (max) occurring at 0530 on 04 January 2012, when the radiant was around 60° above the eastern horizon (in the UK), if seen from a cloudless dark sky site with no light pollution (i.e. a limiting magnitude of 6.5) would have meant that you’d have seen around 70 shooting stars an hour, still quite an impressive show