This is coming in from multiple sources including AP, Reuters, The Guardian, and Al-Jazeera, as well as Libyan Government officials. Muammar Gaddafi was captured much like Saddam, in a hole and calling out "Don't Shoot, Don't Shoot". Apparently he was wounded in both legs and Al-Jazeera says he is in critical condition but that is unconfirmed.
The Guardian is providing a real time update feed on events as they unfold here.
Libya: fall of Sirte - live updates | World news | guardian.co.uk
Exit Question: Why are dictators such wimps? They expect their people to go out guns blazing, but the minute they are confronted they run for the nearest hole.