It looks to me like she wants to say in the race without being in the race, for whatever reason.
Whether or not someone here supports a Palin candidacy, anyone examining this and saying she isn’t running is either blinded by wishful thinking or is completely clueless.
It’s an odd stealth race that may have worked if Perry hadn’t entered, but now he and Bachmann occupy the same space that Palin intended to breeze into later. The tease may have just taken a bit too long, akin to the Fred Thompson incident.