Seismic monitoring in Italy has strongly improved since the 1997 Umbria-Marche earthquake sequence. This has made the National Seismic Network (RSN) a powerful tool both to rapidly locate and quantify thousands of earthquakes occurring in Italy every year, and to study the seismic activity in detail, accumulating an impressive high quality data set that will be exploited in the coming years to understand earthquake processes and to investigate the deep structure. This paper summarizes and compares the basic features of the seismicity recorded in 2000 and 2006, before and after the implementation of the new RSN, showing that the number of well located earthquakes has more than doubled and that the completeness magnitude has dropped from ~2.3 to ~1.7. In addition, we concentrate on the evaluation of the current automatic location and magnitudes versus the revised ones, published routinely in the INGV bulletins. We show that the rapid estimates of locations and magnitudes are robust and reliable for most regions in Italy: more than 75% of the earthquakes are located in real time within 10km from the «true» locations, whereas the rapid magnitudes ML are within ±0.4 from the revised values in 90% of cases. The comparison between real-time and revised locations shows that there are a few regions in Italy where a further network improvement is still desirable. These include all the off-shore regions, Calabria, western Sicily, the Alpine and Po Plain region, and some small areas along the peninsula.