Well it turns out I wasn't hacked - thank God!
Here's the reply from Bluehost:
I'm sorry, our admins applied a new kernel and have been working on optimizing it for the last while. Your server should be fixed shortly, generally within 1-2 hours.
Thank you,
Dan
Technical Support Engineer
BlueHost.com
_________________________
Sure wish they would have sent out a notification about this so I wouldn't have gotten into such a tizzy. Gotta say, it was longer than 2 hours though. I didn't go to bed until 6am this morning and it was still down.
I'm breathing a sigh of relief... All is

in my world again.