Here is what Bill Polian had to say regarding Sanders knee and his status overall for those who have not listened or read the transcript from colts.com:

Q: What happened with safety Bob Sanders last week? Why did he miss the game?

A: Bob had some swelling in his knee that developed on Friday after he had practiced on Thursday. His normal routine is to rest on Wednesday, practice Thursday and Friday and play Sunday. The swelling was such that he didn’t feel like he could go. There has been consultation off and on all weekend between (Doctor) Jim Andrews down in Birmingham, Ala. – who operated on Bob back in the early fall – and our physicians. I’m not sure I can give you a definitive answer right now as to what specifically is wrong and what kind of a prognosis they can give other than they told me that none of the doctors believe there is anything structurally wrong. In other words, there is no ligament damage. There is nothing of that nature. They believe it to be some type of irritation inside the knee joint. That’s a very vague and incomplete answer, because I don’t know what the specific answer is at this point and I can’t tell you what the prognosis is. The one thing I can definitely say is they’ve been in contact with Doctor Andrews and together, they’ll try to develop some sort of regimen of treatment.

Q: Might he have to cut down practice time in order to play on Sunday?

A: It’s conceivable, but it would be premature to jump to those conclusions. This has to be governed by the doctors and how they view the problem and what’s causing it.

After reading this, I am not too confident he will be back this week but hopefully I am way wrong on this.  Let me know what you guys think and whether there are any updates on his status.