From eurosport.com :

MotoGP champion Valentino Rossi says he wants to decide within the next three months whether to stay on two wheels or switch to Formula One. The Italian's contract with Yamaha runs out at the end of the year and he has tested several times with the Ferrari Formula One team. "For both teams, I need to decide what I am doing in a short time, I think two or three months," the 27-year-old told the BBC. "Going in F1 will be hard on my private life. Already for me it's over the limit, so to think worse is difficult."

So it seems he is seriously considering this move. I actually thought it was just food for the media.

Well, I really hope the decision he makes is going to be the right one for him - I really like this guy

Does anybody know why going intoF1 will be hard on his private life ?

You know, I actually don't have too much against Ferrari, only three particular current employees !!!

I used to like Ferrari in the past before Brawn, Todt and Scummi came along