On October 2, 2002, NASA's Astronomy Picture of the Day (APOD) announced what is to them another "mystery star". Click here for the official announcement. The official "explanation" reads, in part:

 

V838 Mon was discovered to be in outburst in January of this year. Initially thought to be a familiar type of classical nova, astronomers quickly realized that instead, V838 Mon may be a totally new addition to the astronomical zoo. Observations indicate that the erupting star transformed itself over a period of months from a small under-luminous star a little hotter than the Sun, to a highly-luminous, cool supergiant star undergoing rapid and complex brightness changes. The transformation defies the conventional understanding of stellar life cycles. A most notable feature of V838 Mon is the "expanding" nebula which now appears to surround it.