Mike Allen reports this morning that former Virginia governor and Senator George Allen “plans to tell supporters within a week” that he’ll be running for the Senate seat currently held by Democrat Jim Webb. Webb defeated Allen in 2006 by a razor-thin margin, but questions have recently been raised about whether he will even run for re-election in 2012 due to a lack of fundraising. If Webb does decide to run, the race is predicted by many to be one of the most vigorous in the nation, especially as President Obama will look to hang on to the Old Dominion’s support.

For those who enjoy watching political campaigns fall apart at the seams, Allen’s intention to run is fantastic news: in case you forgot, Allen’s 2006 campaign against Webb included such high-profile, jaw-dropping gaffes like accusations that Webb’s campaign and liberal bloggers were anti-Semitic, and Allen calling a Democratic volunteer “macaca,” then saying “welcome to America and the real world of Virginia” during a speech in the southwestern part of the state.