ESPN.com and Foxsports.com are both reporting that Favre has informed the Packers he will not return for the 2008 season.
http://msn.foxsports.com/nfl/story/7870944
Update [2008-3-4 10:9:30 by BigBlueShoe]: The report is from Jay Glazer, who is usually right when he sticks his name behind a story. He's claiming that Green Bay's legendary QB Brett Favre is retiring:
FOXSports.com has learned that legendary quarterback Brett Favre has decided to retire. In fact, it's believed he informed the Packers of his decision within the last few days, although it's unclear when Favre and the team will make his decision known.
Check out Acme Packing Company for updates on whether this story is true or bogus. If true, it's a sad day for football. Favre is one of the best QBs of all time, and his connection to the Wisconsin area is unrivaled for an athlete. Favre is a legend, and if he doesn't play in 2008, then the 2008 season just got a little less interesting.
Update [2008-3-4 11:0:36 by BigBlueShoe]: Here's an image circa 1997:
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Eleven years later, I think we can safely say that because of these two men football does indeed matter.