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Same. Only I clicked on the link. Once I got logged it I clicked to request the new card and I got an error. I logged into my account and it said nothing about it. I just send the email off to email@example.com to see if it's legit because I'm not seeing it. Yesterday I also had to reset my password because it noticed suspicious activity. I'm scared.
I've received several of these warning emails, with the latest one saying my card would be closed in 7 days. I still see absolutely nothing on my account when I log into Paypal. I have not clicked any of the links in the emails because they seemed suspicious to me. But I sure would like Paypal to confirm that my card is not going to be closed.