As per Gordo's Tweet -

"As expected, cubs and GM Hendry agree to 4-year contract extension, team announced today".

http://www.twitter.com/cst_cubs

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According to ESPN Latin America and Dave Kaplan on WGN Radio, it looks like Kosuke Fukudome is a Cub.

This Nikkan Sports Article also has pointers (as far as I can deduce from the google translator) that Kosuke has chosen the cubs.

More proof -

This Article says that the Padres have LOST out on Fukudome.

Update [2007-12-11 23:6:12 by cubsnlinux]:

Contract - 4 years, $US 50 million.

Great Job Jim Hendry!!!.Now we can all have a merry Christmas.

Confirmation from Fox Sports

Confirmation from ESPN

Carrie Muskat over at cubs.com is saying that the deal is $US 48 million over 4 years.

Chicago Suntimes Report

Tribune Report