Katrina really gave the Gulf Coast a shellacking. It was easy for me to sit back and take it all in on the TV, only to realize that I now live on the Florida coast and am not immune: There's another hurricane working its way up the coast as I write this.
There's a good bit of EIFS on the central Gulf Coast, including some large casinos and hotels right at the water's edge. Some of these EIFS got clobbered so bad that the walls simply aren't there anymore or are so damaged that the walls will have to be removed and replaced. There are also lots of EIFS jobs that got hit head on and appear fine. EIFS is a surprisingly tough product.