The "word" is that Thompson is definitely in the presidential race. More from Dean Barnett. If/when he officially enters the race it will be interesting to see how the polls shake out. Right now he is polling really well as someone not officially in the race. There are actually many advantages to not being in the race now -- not having to participate in those early debates for one. Okay, I know there are advantages and disadvantages to participating in the debates, but for someone with high name recognition, and even higher face recognition, like Thompson, I think not being in the early debates has been a plus. I am only basing this on gut feel, and from talking to those who follow such things, but I think he will pull some support from Rudy, but also from the lower tier candidates, as well.
The Politico reports Thompson will announce over the Fourth of July holiday.