I got the same e-mail:
Dear PayPal client,
We recently updated our system, and suspect that your PayPal account may need to information update.
Protecting the security of your account and of the PayPal network is out primary concern. Therefore, as a preventative measure, we have temporarily limited access to sensitive PayPal account features.
Click the link below in order to regain access to your account:
https://www.paypal.com/cgi-bin/webscr?cmd=_login-run if you edit source of the e-mail you will see the link actually goes to
http://tomas.red.lt/paypal/ and if you click the link in the e-mail it goes to:
http://red-lt.com/suspended.page/
You will be asked for some additional information to establish account ownership and avoid Credit Card Fraud. For more information about how to protect your account, please visit PayPal faq's . You can feel free to call our Customer Service Support Center between 8:00 AM and 6:30 PM (Eastern Standard Time), Monday through Friday and 9:00 AM to 5:30 PM on Saturday.
1-402-935-2050 toll-free in U.S. & Canada
1-614-921-2450 international callers
We apologize for any inconvenience this may cause, and apriciate your assistance in helping us maintain the integrity of the entire PayPal system. Thank you for your prompt attention to this matter.
Please do not reply to this mail.Mail sent to this address cannot be answered. For assistance, log in to your PayPal account and submit an online support ticket.
PayPal Email ID PP315