NYTimes:

ALBANY, July 26 โ€“ Gov. George E. Pataki told a group of supporters and aides on Tuesday night that he would not seek a fourth term as governor after abruptly summoning them to the governorโ€™s mansion, according to two people who attended the meeting.
Mr. Patakiโ€™s announcement came as polls showed him trailing Attorney General Eliot Spitzer, the Democrat who hopes to succeed him as governor. But it sets the stage for Mr. Pataki to explore a possible run for president in 2008.

Sorry. Just canโ€™t take โ€œPataki โ€˜08โ€ณ/โ€Pataki for Presidentโ€ seriously.