Oooh what a pretty object.
It is a Wolf-Rayet nebula.
Here is some info:
http://galaxymap.org/cat/view/sharpless/308
Here is an image by Don Goldman:
http://apod.nasa.gov/apod/ap090423.html
Here is an excellent page about Sharpless and his catalog of nebulae, with plenty of pics:
http://www.sharplesscatalog.com/Default.aspx
I think that the Sharpless page is a good example of a memorial to a significant professional astronomer. There are not enough of these on the internet.
Unfortunately, not much has been published about the work of Sharpless.
He made a crucial and important contribution to science when he and Osterbrock and Morgan demonstrated in the Early 1950s that the Milky Way has a spiral structure; they were also the first to make a map of the spiral structure (as far as I know!)
Osterbrock and Morgan were amongst the very most important astronomers of their generation, by common assent.
But Sharpless seems to have fallen through the cracks.
Stewart Lane Sharpless, passed away Jan 19, 2013
May you rest in peace, or better still, fly up to those nebulae!
The Sharpless catalog does not include the emission nebulae in large sections of the southern Milky Way.
For this, the essential catalog of nebulae is the RCW catalog, especially for the many nebulae that were missed in the NGC+IC in the Ara to Crux strip of the Milky Way;
RCW catalog __1960MNRAS_121__103R.pdf
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Incidentally, it should be mentioned that galaxymap is a superb website devoted to HII regions and supernova remnants and WR nebulae;
it is the product of a brilliant person called Kevin Jardine who is a member of IIS.
P.S.
A lot of you will know the Gum Nebula, but the Gum catalog of southern bright nebulae is no longer routinely used, as RCW is more extensive. Colin Gum was a promising young Australian astronomer who met an untimely, early and tragic demise in a skiing accident