Is the Governor of New Jersey Planning to Resign?

Update:WNBC in New York just announced McGreevey will resign but with no reason given.

So far, I've just heard this from Faux (talk about unreliable sources), but they're saying that Democratic NJ Governor Jim McGreevey is holding a 4 PM (EDT) press conference to discuss "personnel changes" and that the governor's office is denying rumors that he plans to resign.

Resign for what reason?

I know there was a small issue about one of his campaign/management staff, but I've heard nothing more about that for some time. For me, at least, this comes out of the blue.