I believe his status is this...
1:Stephon knows he's not going to make that much money this year compared to his previous contracts. To make up for the short money Steph is marketing himself (Ustream/****) etc... while also marketing his "Starbury" line (He's been hinting us for a few days now on what team he's going to return to by posting the team sneaker that isn't even out yet to purchase) via the webcast.
2:Stephon will not be signed until the Daniel acquisition goes through 1st. If Daniels is not signed and traded then (highly unlikely) Marbury may return for the vets minimum.
3:Stephon will be signed if the Daniels acquistion goes through 1st by S&T, so Marbury could sign for the LLE (Which is 600k more then the vets min)
4:Stephon (although highly unlikely) may go overseas. I don't think this is even a possible move for Steph for years 2 come, because (remember he still is a business man off the court) his fan base is not yet populated internationally. Since the birth of the webcast show most of the attention, or love, or 1's Hahaha!!! he gets are U.S. base.
My 4 Cents!