Magazine shakeup! Longtime Vanity Fair contributing editor David Margolick is leaving the Condé Nast magazine to join Portfolio (as Howell Raines did earlier this week), the Observer is reporting. Margolick most recently penned a well-received profile of Eliot Spitzer for the magazine. Vanity Fair editor Graydon Carter is known for his rotating list of favorites-could Margolick have been on the outs? We would wish him better luck with his new capitán, Portfolio editor Joanne Lipman, but we're not sure he's headed for friendlier pastures. One thing's for sure, Portfolio must be putting serious coin on the table to convince players like Margolick to come on board. If you know, let us know.

Vanity Fair is offering those of you who care a "sneak peek" at their January cover story, a David Margolick treatment of Eliot Spitzer's first year in Albany. In it, our steamrolling governor manages to both play fast and loose with accepted ethics as well as alienate his own party and the press. It reads mostly the way you'd guess—young Eliot was the cupcake-baking Tracy Flick of practically every realm he's entered. While in the sixth-grade at Horace Mann, he carried a Samsonite briefcase and guessed that only four of his classmates were smarter than he was. We're pretty sure we would have felt morally-obligated to kick his ass on sight.

While we don't have a copy of Old Man Wenner's Guide to Popular Music, a reader informs us that in the latest Rolling Stone, psychedelic journo Matt Taibbi writes: