http://avherald.com/h?article=48145bb3&opt=1
"Shortly after takeoff at 10:52L (02:52Z) the aircraft began to roll left, the crew radioed "Mayday! Mayday! Engine Flame Out!" at 10:53L with no further transmission, the aircraft reached a maximum height of about 1050 feet (corrected for QNH), lost height, struck a taxi, hit a Huangdong Boulevard Viaduct with its left wing at nearly 90 degrees of bank angle at about 10:55L (02:55Z) and impacted the water of the Keelung River near the Nankang Software Park coming to rest inverted, about 2.9nm from the end of runway 10"
Someone correct me if they think I'm right out to the lunch, but in this video you can pretty much see the exact moment the left wing decides to drop (Vmc or Vsse point?) and it's pretty much all over from there:
Also if it was indeed an engine failure, this should not be an issue for an aircraft like this, as they are designed to be able to continue to fly safely and return for a landing on one engine. Will be interesting to see what happened here and if there are other contributing factors (auto-feather failure? overweight? pilot error?) that led to this.