From Ectomo:

Some webcam footage of the defrosting process being conducted on the half ton colossal squid caught in Antarctic waters in February 2007, and currently housed in a New Zealand lab. The entire process will take up to two day to complete in order to not damage the specimen, as thawing it too fast would mean that the outside would being to rot before the internal organs had fully thawed. Researchers will only have a short time to examine the corpse before it is placed in a preservative, during which time they hope to, among other things, determine the squid’s sex; although the apparent lack of a six and a half foot penis leads them to speculate that it is female. It seems like a logical conclusion. They will also be live webcasts spanning the entire project. After the examination is concluded the squid will be put on display at Te Papa Tongarewa, New Zealand’s national museum in Wellington.