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Will Tabloid Queen Get Tapped As Next Editor Of The Wall Street Journal?

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Is Rupert Murdoch preparing to name Rebecca Wade, the editor of UK tabloid The Sun, to be the new managing editor of the Wall Street Journal? That's the rumor we're hearing today. (And perhaps the one that Nick Denton called "too crazy for even me to pass on.") Wade is reportedly close to Murdoch. We're told that Robert Thomson, the Journal's publisher, may favor naming Wade to replace Marcus Brauchli, who resigned as editor in April.
Update: Apparently Rebecca Wade spells her name Rebekah Wade. Whatevs.
Updater:Denton confirms that Wade was indeed the crazy story he was hearing.