The Millennium Arecibo 21-CM Absorption Line Survey. II. Properties of the Warm and Cold Neutral Media

We use the Gaussian-fit results of Paper I to investigate the properties of interstellar HI in the Solar neighborhood. The Warm and Cold Neutral Media (WNM and CNM) are physically distinct components. The CNM spin temperature histogram peaks at about 40 K. About 60% of all HI is WNM. At z=0, we derive a volume filling fraction of about 0.50 for the WNM; this value is very rough. The upper-limit WNM temperatures determined from line width range upward from about 500 K; a minimum of about 48% of the WNM lies in the thermally unstable region 500 to 5000 K. The WNM is a prominent constituent of the interstellar medium and its properties depend on many factors, requiring global models that include all relevant energy sources, of which there are many. We use Principal Components Analysis, together with a form of least squares fitting that accounts for errors in both the independent and dependent parameters, to discuss the relationships among the four CNM Gaussian parameters. The spin temperature T_s and column density N(HI) are, approximately, the two most important eigenvectors; as such, they are sufficient, convenient, and physically meaningful primary parameters for describing CNM clouds. The Mach number of internal macroscopic motions for CNM clouds is typically 2.5, but there are wide variations. We discuss the historical tau-T_s relationship in some detail and show that it has little physical meaning. We discuss CNM morphology using the CNM pressure known from UV stellar absorption lines. Knowing the pressure allows us to show that CNM structures cannot be isotropic but instead are sheetlike, with length-to-thickness aspect ratios ranging up to about 280. We present large-scale maps of two regions where CNM lies in very large ``blobby sheets''.