This storm was not enough to produce a widespread natural avalanche cycle although I'm guessing there were a few natural avalanches. Whitney confirmed one avalanche near the Wedding Ring ridge. Nonetheless, because the storm didn't produce as expected, the avalanche danger never reached HIGH today.
The way I see this playing out is now we have about 10" of snow sitting on top of all the weak faceted sugar snow from earlier this season. Human triggered avalanches are likely on Thursday except there really still isn't enough snow for people to get onto those slopes (especially on sleds) that are likely to avalanche. The new snow will probably "bridge" the weak buried snow to a certain extent and we will need a more significant load before we really see things get scary.
It's a bad set up, don't let your guard down this winter.