NYC Mayor Mike Bloomberg Running For President?

There are indications that Republican NYC Mayor Mike Bloomberg may be readying himself for a run at the White House as an independent. This would certainly shake things up quite a bit as Bloomberg has a massive fortune to run a campaign. He's an economic conservative and social liberal who could draw support from both Republican and Democrat candidates (although likely more Republicans...)

I think that a Bloomberg run in a way may make it more likely for a Dem. to win the White House in '08 so in that way I'm all for it. I'd also prefer Bloomberg over any of the Republican candidates (save Ron Paul of course.)