Rumors have resurfaced in the Spanish media that Fernando Alonso's move to Ferrari is a done deal. It will reportedly be announced on September, during the Italian GP, that Fernando Alonso will be a Ferrari driver by 2010. Ferrari was quick to dismiss the rumors saying it has no time to comment on speculation and reminded the public that Raikkonen and Massa have contracts until 2010.
It has happened before that Ferrari dismissed rumors only to reveal otherwise a few days later. That's how Michael Schumacher was unveiled as their newest acquisition.
I wouldn't be surprised if there's any truth to this, and if this is the case, Ferrari will have to let go of one of its drivers to make room for Alonso. My guess is that Kimi Raikkonen will be the one to leave. Although he isn't performing well lately, Raikkonen still has a title to his name and remains to be regarded as among the best. Alonso has always been known for his preference for a less competitive teammate and his desire to be the main priority of a team.
If this happens, the stage is well set for Kimi's exit. He's been participating in WRC a lot in between F1 races lately and he's always been very vocal of considering WRC as a career after his F1 stint. He also always stressed that he wants Ferrari to be his last F1 team.
Still, I think it's premature for Raikkonen to leave now that he's in a slump. I'd rather that he get his act together for one last hurrah before leaving F1 altogether.
On the other hand, Alonso in Ferrari will be exciting!