The chinese lunar satelite Chang'e-2 reached the Moon before the weekend, and entered a 12 hour elliptical orbit around the moon, after a succesfull de-orbit maneuver.

Chang'e-2, following instructions from the center, started the first braking and entered the 12-hour elliptical moon orbit 32 minutes later. It was the first braking for Chang'e-2. The satellite needs to brake another two times before it can enter the designed 118-minute working orbit.

The final orbit of the probe will be a near circular orbit only 100km above the Lunar surface. Aside from observing the Moon in greater details than Chang'e 1, it is a technology test prior to the Lunar lander Chang'e 3, that is supposed to land in the 'Rainbow Bay' in 2012.

Source: Xinghuanet.com