The NY Times offers this very interesting report on Fred Thompson’s “test the waters” presidential campaign. A snippet: “F.E.C. regulations that limit the use of traditional media for campaignlike activity apply to the Web as well. But while regulators can easily monitor the reach and level of spending on television and other traditional forms of advertising, the same is not the case with the Internet, since users determine how much traffic a site like Mr. Thompson’s gets. And experts say enforcement is practically nonexistent.”