Only a very small portion of the Moon's southern limb will be in the Earth's umbral shadow, but there will be a noticeable darkening visible over the Moon's face at the point of greatest eclipse. Need more? Then know this eclipse is the one of four lunar eclipses in a short-lived series. The lunar year series repeats after 12 lunations or 354 days. Afterwards it will begin shifting back about 10 days in sequential years. Because of the date change, the Earth's shadow will be about 11 degrees west in sequential events.
For the eclipse, the duration of the partial phase will last within two seconds of a hour long, while the penumbral duration from beginning to end will run about four hours and eleven minutes. Penumbral contact will begin at 17:17:08 UT and umbral contact at 18:52:43 UT. The moment of greatest depth of shadow will occur at 19:22:39 UT, 31 December 2009.
Link -via Geeks Are Sexy
(image credit: Kostian Iftica)
If you stop to think about what you just wrote, you'll realize that the full moon New Year's Eve is the FIRST full moon of the season. The season began on the winter solstice, about a week ago. So by your definition, this is not a blue moon either.