I heard rumors about this earlier, but i guess this is really going to happen, according to the Salt Lake Tribune. Utah Governor Jon Huntsman is going to be named and accept the ambassadorship to China
I don't really have much to say about this. Huntsman has been a guy making waves as a possible GOP candidate in 2012 as a kind of reformer/outsider who recently endorsed civil unions and I believe also supported the stimulus passage.
I don't know if I understand the politics of this or why Huntsman was keen to do this. But it probably makes Obama look good and "bipartisan."
Feel free to speculate.