What does anyone know about that gigantic Black Hole they just found in space?

uhm... which one...... there's usually at least one in each galaxy and there are billions upon billions of galaxies out there.

http://www.space.com/scienceastronomy/astronomy/ou...

This colossal black hole is one of the oldest supermassive black holes ever known. It is sitting at the heart of a distant galaxy and is about 12.7 billion years old which, according to astronomers, formed just one billion years after the universe began. It is so massive that it's big enough to hold 1,000 of our own Solar Systems and weighs about as much as all the stars in the Milky Way.

Here is a link to universe today,, it tells of the massive black hole recently discovered

http://www.universetoday.com/2007/10/30/an-even-mo...

It may be a planet just like earth that just got a little to warm.

What of the theory that even time gets distorted in them?

its sucks u up..even light cannot get out