Looks like Nadal will take over the #1 ranking from Federer on August 18th, and potentially sooner.

Quoted:The 22-year-old has a chance of ending the Swiss star's reign at the Cincinnati Masters this week.
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For that to happen, Nadal will must win the title and hope Federer loses before the semi-finals.
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If not, Federer's four-and-a-half year stint at the top of the rankings seems likely to end on 18 August when he loses the 850 points he gained for reaching last year's Toronto final and winning in Cincinnati.

Apparently John McEnroe cried while interviewing Federer.

Quoted: John McEnroe cried interviewing Roger Federer and I could swear he is crying now interviewing Rafa Nadal
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John McEnroe busts out the "thank you man" hug for Roger - I'm having problems believing I actually witnessed that just now...

Federer has had more chances but has blown all of them. He is down 2 sets to 0. The rain-delay has postponed what I now think will be a straight set Nadal victory.

Quoted: C'mon Federer how many breakpoint chances are you going to NOT take advantage of?

Federer had no trouble displacing his nemesis Nadal this time.

Quoted: Defending champion Roger Federer will play David Ferrer in the Masters Cup final after a 6-4 6-1 win over Rafael Nadal.

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Djokovic is known for his imitations of other players. In this clip, he does Nadal and Sharapova.

Quoted: Novak Djokovic imitating Rafael Nadal and Maria Sharapova (UsOpen 07)

This was one of the best matches I've seen in a long time. Nadal had chances to put Federer away and honestly looked like the stronger player at times.

Quoted: In a breathtaking fifth set Nadal, who had undergone treatment to his right knee towards the end of the previous set, twice held two break points. If he had cashed in on either occasion surely he would have toppled the champion.

wow...does this mean federer can win the french?

Quoted: Roger Federer defeated Rafael Nadal 2-6, 6-2, 6-0 Sunday to win his fourth Hamburg Masters title and end Nadal's winning streak on clay at a record 81 matches. Nadal, ranked No. 2 in the world behind Federer, had been unbeaten on the surface since April 2005, a run that included 13 titles. Federer's come-from-behind win was his first over Nadal on clay in six matches. - Tennis news

This is a good win for Federer -- beating Moya who is a clay court expert. But, he'll have to take it to another level to beat Nadal on clay.

Quoted: Roger Federer rallied past Carlos Moya 4-6, 6-4, 6-2 Saturday to advance to the Hamburg Masters final, looking to end a streak in which he has gone four straight tournaments without a title. This has been Federer's worst run since he became No. 1 in February 2004. The Swiss star has won three Hamburg championships in his last four visits. - Tennis news