at this stage all we know is there is a hole in the plane near where the O2 tanks are stored. note, these are not cargo, like on Valujet, but part of the airplane's systems. we have some reason to suspect the O2 tanks, one "seems" to be missing, fragments "could" be in the cabin.
but did a tank explode ? and more importantly, why ? these questions can only be answered by a detailed investigation.
question came to my mind ... why do we still use metal tanks ? wouldn't this be a good application for composites ?