The good news is that the rumors of a Colin Powell endorsement of Obama have come down to a specific time and place - Meet the Press, this Sunday. (Source CNN Political Ticker).
The bad news is the incredibly tasteless (and, yes, racist) link made by Faux News between that rumor and Powell's hip-hop dancing at the Africa Rising event at Royal Albert Hall in London. The Washington Independent reports this latest faux pas by Faux news (sorry, I could not resist, though it doesn't exactly roll off the tongue) and provides the link to FN (which I will not). The good news out of the bad news that is that if Fox is already ahead of the story, the rumors of the endorsement may well be true.