Not yet reviewed by Pith; the record is open.

On 2006 May 5, a four second duration, low energy, ~10^49 erg, Gamma-Ray Burst (GRB) was observed, spatially associated with a z=0.0894 galaxy. Here, we report the discovery of the GRB optical afterglow and observations of its environment using Gemini-south, Hubble Space Telescope (HST), Chandra, Swift and the Very Large Array. The optical afterglow of this GRB is spatially associated with a prominent star forming region in the Sc-type galaxy 2dFGRS S173Z112. Its proximity to a star forming region suggests that the progenitor delay time, from birth to explosion, is smaller than about 10 Myr. Our HST deep imaging rules out the presence of a supernova brighter than an absolute magnitude of about -11 (or -12.6 in case of ``maximal'' extinction) at about two weeks after the burst, and limits the ejected mass of radioactive Nickel 56 to be less than about 2x10^-4 solar mass (assuming no extinction). Although it was suggested that GRB 060505 may belong to a new class of long-duration GRBs with no supernova, we argue that the simplest interpretation is that the physical mechanism responsible for this burst is the same as for short-duration GRBs.