"If one of those earthquakes occurred today, it is not expected to exceed that earthquake again for another 2500 years."
This is a common misunderstanding that I can't let go by, lest it be propagated further. The term "return period" misleads a lot of people. It's true that SOME faults show identifiable periodic behavior (including some around the island of Hispaniola, in the news recently), but that is not the general rule, and there are often other potential sources of strong motion in addition to that one particular fault that might have moved this morning. Seismologists typically estimate exeedance probability from historic seismicity using a Poisson model, in which each year is essentially considered an independent trial, so occurrence of the so-called "2500-year earthquake" in 2010 doesn't get us off the hook for larger earthquakes in the following 2500 years. By the Poisson model, it's just as likely in 2011 regardless of whether it occurred in 2010. "Return period" is really just the unfortunate shorthand term used for "reciprocal of annual probability of exceedance." It is more correct to say "The probability of exceedance of this level of shaking is 1/2500 in any given year."
The probability of exceeding the so-called 2500-year EQ in 50 years is
1-(1-1/2500)^50 = 0.0198,
or running it backward, the earthquake with 2% prob of exceedence in 50 years has annual probability equal to
Pa = 1 - (1-0.02)^(1/50) = 4.04x10^-4 = 1/2475
The probability of the "2500-year earthquake" being exceeded in the next 2500 years is
1-(1-1/2500)^2500 = 0.63
Exceedance of the 1/2500 earthquake is at least slightly probable for any period exceeding about 1735 years:
1-(1-1/2500)^1735 > 0.5.
I'd like to see "return period" struck from the dictionary, but it's probably too late for that.