John Gruber on the recent Facebook phone rumors:

The whole story could be bullshit, but I’m a big believer in the tenet that where there’s smoke, there’s fire. With three different publications backing the story, and a rather curious hardware-focused denial from Facebook, there’s quite a bit of smoke here.

I’m with Gruber on this one, whether Facebook ends up actually releasing a device is a different story, but I do believe they’re working on one.