Look, it might be the biggest poker bluff in history and analysts are once again chattering that Yahoo’s (YHOO) ad-outsourcing deal with Google (GOOG) might force Microsoft (MSFT) back to make another offer for the Internet portal.

Sorry to be the skunk at Carl Icahn’s garden party, but BoomTown doesn’t think so.

Consider this from my post earlier today, from a source close to Microsoft’s thinking:

Microsoft sources say execs were stymied by Yahoo, which offered to sell the entire company to Microsoft up until three days ago.

But, as Yahoo has even said, Microsoft remained steadfast in its lack of interest in a bigger deal, after it walked away a month ago from its botched takeover attempt.

And it is still not interested, even with the pressure a Yahoo-Google partnership now presents.

“Yahoo might still dream of a big deal and hope they can win this game of chicken by doing this deal with Google,” said one person familiar with Microsoft’s thinking, about the possibility of Microsoft now making another offer. “But the big deal is done.”

Even if Yahoo’s stock declines even more precipitously? “It’s no longer a price issue with Microsoft,” said the source. “The company has moved on.”

So I queried a bunch of other Microsoft execs close to the dealmaking.

What if Icahn, the billionaire activist investor who is engaged in a proxy battle with Yahoo, somehow manages to get control of the company at its August board meeting?

No.

What if Yahoo CEO Jerry Yang is replaced and a new leader is more amenable to Microsoft?

Nope.

And, most of all, what if Yahoo shares sink to below $20 again and even lower?

No way.

Goodness, even I’d try to acquire Yahoo for under $20 a share, given all its amazing assets and huge traffic.

But, as far as I can tell, Microsoft seems sincere in its walk-away-Renee act for a lot of reasons.

The regulatory window has closed. The deal is tarnished. Microsoft Chairman Bill Gates has never been a fan, and other execs are not either.

And most of all: Yahoos don’t want to be a satellite of Microsoft.

In fact, Rosie O’Donnell and Donald Trump get along better than this tech pair.

And for weekend fun, here’s a picture of that mismatched pair brought together via Disortrait:

Today, I urge one and all to head over to the videos being done by celebrity, actor, talk-show host and larger-than-life personality Rosie O’Donnell.

Unlike a lot of celebs, who flee the online cameras of sites like TMZ.com, O’Donnell has been putting herself out there for a while in her unusually forthright–and sometimes downright odd–blog.

She uses, at various times, text, pictures, collages and video, which yield an always entertaining assortment of offerings.

This is exactly the way new media is created–it’s not television, or print or radio even (O’Donnell uses a lot of music in her posts), but an entirely new form of compelling content that is made for the Web.

To my mind, she has taken to the medium in a way few others have, trying all sorts of things, especially in her varied video offerings.

That can mean simply filming her family as they do art projects on a rainy day, to answering viewer questions using her iSight camera and little else, to making funny little gems like this one, in which she makes light of being dubbed the most “annoying” celebrity by some poll.

Here’s that video:

So I was more interested in the Washington Post’s follow-up of NBC’s controversial decision to air the self-made video of the Virginia Tech gunman in an interview with NBC News President Steve Capus. Written by media reporter Howard Kurtz, it gives a lot of background of Capus’s career and, of course, hashes over the reasoning for putting on TV the rantings of an obviously disturbed killer, for which NBC was assailed from all sides. “I’m stunned that people bang down our door at one moment,” he told Kurtz, “demanding we release it uninterrupted and without filter–then question whether it should have been released in the first place…I’m just stunned at the depths of absurdity and hypocrisy.” Welcome to the new digital world, Mr. Capus. In fact, there was likely not even a decision to be made for the longtime television pro–in the age of YouTube, that video was going up no matter what.

The New York Times brought tears of joy to my eyes with the news that Sony Television will soon be airing something called “minisodes” on a new Web service called, wait for it, the Minisode Network (log-in required). The shows will distill old shows like “Charlie’s Angels,” “T. J. Hooker” and “Starsky and Hutch” to three- to five-minute clips, which somehow seems perfect given their hokey formulaic perfection. The mini-shows will be offered exclusively on MySpace at first, which is about the most perfect audience for dumbed-down dumb shows.

Speaking of short and sweet, Om Malik’s got a great mini-essay on why Hollywood needs to embrace the plethora of video-downloading services springing up on the Internet–its DVD business is waning. But it might not go so well for the studios in the end, writes Malik quite correctly: “Imagine if you could rent a movie, decide you don’t like it that much, and decide to forego the DVD purchase. Now that would be an oh-s— moment!”

And there are plenty of those kind of moments in the short, rough and oddly compelling mini-movies that Rosie O’Donnell has been posting recently on her unusual blog. Once a lot of text haiku-like ruminations of the controversial television personality, the movies bring you up close and personal with O’Donnell, who sometimes is half out of the frame getting her hair done as she answers reader mail while using only her iSight camera. “It’s working, it’s working,” she says as she taps on the keys of the computer. Indeed, it does work and makes me wonder if O’Donnell really needs any TV network (except, of course, for that big bag of money they offer).

Please see this disclosure related to me and Google.