Aides to McCain say the senator will discuss whether to seek the presidency with his family over the Christmas holiday, and make a final decision thereafter. This decision was later disputed by a McCain advisor, but later evidence showed that McCain in fact has opened a bank account for an exploratory committee.
In addition, Joe Biden, a US Senator confirmed he will seek the Democratic 2008 Presidential Nomination and will probably hire a Exploratory committee early next year. Russ Feingold, a US Senator from Wisconsin who had previously been suspected to run has denied interest in the nomination saying he wants to continue his work in the US senate.
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Note that some listed sources or external links may no longer be available online due to age.