  The Palomar Transient Factory (PTF) is an optical wide-field variability
survey carried out using a camera with a 7.8 square degree field of view
mounted on the 48-in Oschin Schmidt telescope at Palomar Observatory. One of
the key goals of this survey is to conduct high-cadence monitoring of the sky
in order to detect optical transient sources shortly after they occur. Here, we
describe the real-time capabilities of the PTF and our related rapid
multiwavelength follow-up programs, extending from the radio to the gamma-ray
bands. We present as a case study observations of the optical transient
PTF10vdl (SN 2010id), revealed to be a very young core-collapse (Type II-P)
supernova having a remarkably low luminosity. Our results demonstrate that the
PTF now provides for optical transients the real-time discovery and
rapid-response follow-up capabilities previously reserved only for high-energy
transients like gamma-ray bursts.
