From the primegrid website

World Record Generalized Fermat Prime
On 8 Feb 2011 09:38:57 UTC, PrimeGrid’s PRPNet found the largest known Generalized Fermat Prime: 145310^262144+1

The mega prime is 1,353,265 digits long and enters Chris Caldwell's The Largest Known Primes Database ranked 1st for Generalized Fermat Primes and 23rd overall.

The discovery was made by Ricky L Hubbard of the United States using an AMD PHENOM II X6 1090t @ 3.2GHz with 8GB RAM, running Windows 7. This computer took about 11 hours to probable prime (PRP) test with GenefX64 and 48 hours and 15 minutes to complete the primality test using pfgw64. Ricky is a member of the AMD Users team.
Way to go Ricky!!