My guess is it's simply a supernova. Since this one is observed directly, yes it's the youngest supernova in Milky Way. No biggie, he he.

The outer Oort cloud is believed to contain several trillion individual comet nuclei larger than approximately 1.3 km[1] (about 500 billion with absolute magnitudes[12] brighter than 10.9), with neighboring comets typically tens of millions of kilometres apart.[2][13] Its total mass is not known with certainty, but, assuming that Halley's comet is a suitable prototype for all comets within the outer Oort cloud, the estimated combined mass is 3x1028 grams, or roughly five times the mass of the Earth
We are close to seeing the true blackness of a black hole. Astronomers have detected radio emission coming from within 30 million kilometres of the dark object, thought to be a colossal black hole, that lies at the centre of the galaxy.
Previously, astronomers could see no closer than 100 million kilometres from the object, called SgrA*. The new observation zooms within three times the radius of the hole's event horizon, the boundary beyond which any matter, light or radiation is inevitably sucked in.
The radio waves were picked up in April 2007 using three separate observatories in the US states of Hawaii, Arizona and California that were linked together to effectively form a vast telescope 4500 kilometres across. The technique, called very long baseline interferometry, reveals much finer detail than a single dish can.
/6hxe8r